Purdue expert: Gasoline likely
to stay below $4 this summer
May 24, 2011
By Steve Leer
Drivers have something worth honking their horns over: Summer gasoline prices likely will remain below $4 a gallon, a Purdue University agricultural economist says.
Market conditions that caused oil prices to shoot past $110 a barrel have improved in recent weeks, pushing oil back under $100 a barrel, said Wally Tyner, an energy policy specialist. He cautioned that pump prices could rise again if oil production is interrupted.