$2 Gas This Summer? New Gas Price Prediction

The Auto Club group now says that two dollar gas could hit our area this summer.

And they don’t expect the national average to top three dollars anytime this year.

But there are a couple of "ifs" with that prediction.

IF refinery maintenance ends smoothly.

IF crude oil remains relatively cheap.

And IF there are no unexpected headlines from the oil producing nations.

“There is a real hope that gas prices could drop significantly in time for the busy summer driving season,” said Mark Jenkins, spokesman, AAA – The Auto Club Group.

“The overall outlook looks good for drivers, and with any luck we will avoid the types of problems that often lead to higher gas prices at this time of year.”

AAA believes that crude oil prices will be the most important factor over the next few months.

The framework nuclear deal, reached with Iran last week, could have an enormous impact on oil and gas prices by bringing more oil into the global market.

Meanwhile, gas prices dropped two cents last week in Tennessee.