NEW YORK (MarketWatch) - Energy experts predict lower retail gasoline Prices over Labor Day weekend compared Thurs earlier in the summer, just as a Greater number of Americans May drive more than just 50 miles from home During the three-day holiday.
U.S. Prices at the gasoline pump not have come down over the summer of 2010, on the economy Failed to pick up as quickly as hoped back in the spring, quelling energy demand.
The nation's gasoline inventories Levels Remain at about 14% above the five-year average.
The extra supply will likely keep Relatively low gasoline costs this Labor Day Weekend.
"There is more supply now Generally please one year ago, vain That varies by region," said Neil Gamson, an economist for the Energy Information Administration. "We ... Some do not anticipate for months Spikes Prices for gasoline this Labor Day due to the Recent Crude-oil price path and Adequate supply."
At last check, U.S. Prices Stood retail gasoline at $ 2.68 a gallon is average. A month ago, gasoline Sold for $ 2.73 a gallon. A year ago, gasoline cost $ 2.60 a gallon, According to the AAA Daily Fuel Gauge Report.
South Carolina Currently sells the cheapest gas Among the 50 states, with a gallon Costing about $ 2.42, According to gasbuddy.com. Specifically, Spartanburg, SC, Ranks as the cheapest city for gasoline, with a price of $ 2.37 a gallon.
Of course, Still Remains pricier gasoline in some parts of the country. In Hawaii, gasoline sells for $ 3.73 a gallon, Followed by a price of $ 3.53 for Alaska and $ 3.03 a gallon for California.
Gasoline Prices Even at loftier levels when These are Expected To Fall, however, as about 10% more Americans plan to travel by car During the Labor Day weekend, According to an annual study by the American Automobile Association.
Some 31.4 million Americans will drive at least that many 50 miles from home, up from 28.5 million a year ago, the AAA Estimates.
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