What are the predicted Gas Prices by July of 2007?

Answer 1

Remember, a prediction is exactly that. It's based on current gasoline futures, no unexpected refinery shutdowns, no international crises, anything that upsets the delicate market balance. I work for a major oil company and have seen the effects of unexpected phenomena like Katrina and the current west coast refinery problems. Once the dominos start falling, it takes a break in the line to stop the rest from tumbling down.

That being said, I think we're seeing the worst right now. It's always bad in the spring, while refineries perform maintenance. And yes, this is the best time of year to do maintenance.

Answer 2

NEW YORK (CNNMoney.com) -- Gasoline prices are expected to peak earlier and be about 11 cents lower this year compared to 2006, the government said Tuesday.

In its annual summer fuels outlook, the Energy Information Administration said nationwide average regular gasoline prices are expected to top out at $2.87 per gallon in May, compared with $2.98 per gallon seen last July. The government sees lower gasoline prices peaking sooner than last year; predicts national average high of $2.87 a gallon.

"Although gasoline prices began their seasonal increase about a month earlier than usual, the rapid rate of price increase is projected to slow over the next few months." EIA said in its report.

Gasoline is expected to average about $2.81 a gallon this summer, down slightly from $2.84 in 2006, the EIA report said.

EIA's forecast was in-line with what other experts are predicting for the summer.

Answer 3

I would be willing to bet that gas prices in my area will be within the $3.50 to $4.00 a gallon range by Labor Day. (Regular grade) I won't be going ANYWHERE this summer!

Answer 4

I don't think it has been predicted to be as high as last summer, so probably the highest will be like $3.05 or $3.10.
Hope I don't have to eat my words.

Answer 5

Not sure, but I am sure you can find the info on Gasbuddy.com