EIA: Gas Prices To Fall In 2009
By: Import User
Updated: December 10, 2008
(Washington, DC) -- The nation's current economy may bring lower gas prices next year.
The Energy Information Administration says it expects the national average for a gallon of regular unleaded gasoline to fall to $2.03, down from the 2008 average of $3.27.
The agency believes the price collapse could result in hundreds of dollars in savings for U.S. homes that use heating oil.
The EIA projects heating oil costs will drop this winter by 24-percent, with the national average for a gallon of heating oil reaching $2.53, down from $3.31 last year.
The world's largest heating oil market is in the U.S. Northeast, where consumers will spend an average of about $1,600 to heat oil this winter.
(Copyright 2008 by Newsroom Solutions)
