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Wednesday, April 27, 2011

EIA: Gas Prices Will Peak in June, and Then Fall

According to the EIA (data here), real gas prices will peak in June of this year at $3.90 per gallon, and then start gradually falling, reaching $3.60 per gallon by December of next year.  Of course, a lot could happen over the next year, but the current EIA estimate is that gas prices will peak within a few months and gradually decline over the next 20 months. 

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