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Cheapest summer gas prices in a decade could be coming, report says

A company that tracks gasoline prices is predicting the most affordable summer prices in years.

GasBuddy, which operates websites and mobile aps that track prices, projects that the 2015 summer driving season -- Memorial Day through Labor Day -- will see the average U.S. price of gasoline come in around $2.35 per gallon. That’s a revision from a December forecast. Prices could be lower in particular areas.

“That means more Americans can afford to pack up and go enjoy a summer getaway because the cost of getting there will likely be the lowest since 2005,” Patrick DeHaan, a senior petroleum analyst, said in a release. “The latest data from the (Energy Information Administration) showed the largest week-to-week buildup of crude oil (10.9 million barrels) since March 2001, and that underscores the downward pressure on fuel prices. So we’re confident in our projection -- that the summer of 2015 will see the national average come in at a seasonal level we haven’t approached since 2005.”

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