Amid global economic uncertainty that has affected international energy markets, the Department of Energy predicted on April 10 that American motorists will see significantly lower pump prices heading into the summer driving season.
In its April Short-Term Energy Outlook, the U.S. Energy Information Administration (EIA) revised its crude oil and gasoline price forecasts. The agency said recent developments in international trade policy and oil production will lower global demand growth for petroleum products through 2026, resulting in lower crude prices.
