The DOE put out its short-term energy forecast this week. In a nutshell, summer gas prices should be at their lowest since the summer of 2009, which can be seen as a good thing because the number of overall driving miles is expected to go up about two percent compared to last summer. The DOE says gas prices from April to September could average about $2.45 a gallon, down from $3.59 a gallon last summer.
Of course, this isn't going to be good news for everyone, as sellers of plug-in vehicles and hybrids have seen sales drop this year along with gas prices and potential buyers eschew fuel-sipping vehicles and instead opt for the trucks and (relative) gas-guzzlers. Still, with the lower gas prices, the typical US family will likely save about $700 in fuel expenses this year.
US gas prices are sitting at about $2.39 a gallon right now, roughly even with last week and down about a nickel from a month ago, according to AAA. Average gas prices were $3.59 a gallon a year ago. Check out the Energy Department's forecast here.