Photo by Jurek D. Licensed under Creative Commons license 2.0.
Barrel Of Oil
Ah. Spring. Astronomically, it ... wait a minute. Spring, EIA forecast ...? I just wrote about this Jan. 9. As you can see here, the EIA predicted $3.50 for a gallon of gas by June, the end of Spring. Are they changing their forecasts already? YES! According to Reuters demand for gas has dropped a lot (2.4 percent last week) and EIA analyst Doug MacIntyre "said he 'certainly' expects that his agency next month will publish lower spring gasoline price forecasts." So it worked? Did higher gas pric