EIA: Households will pay $825 more for fuel this summer

04/17/2011 | DomesticFuel.com

The price of regular gasoline is expected to average $3.86 per gallon from April to September, up from $2.76 per gallon in the same period last year, according to the Energy Information Administration. The average annual household fuel cost is estimated at $3,360 this year, affected by an expected $825 increase in summer fuel spending from 2010, the EIA added. The "continuing strength in worldwide liquid fuels consumption" is causing the rise in prices, the agency reported.

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