Department of Energy Secretary Jennifer Granholm expressed cautious optimism Sunday that the steady decline in gasoline prices will continue in the coming months but warned that factors in other parts of the world could increase demand.
The average price for a gallon of regular gas was $3.90 as of Sunday, according to AAA, down $1.12 from its all-time high of $5.02 in June but still 73 cents higher than one year ago. Ms. Granholm predicted average prices will bottom out in the final three months of the year at around $3.78.
“They’ve fallen every single day of this summer.