Advertisement
Travel

What to Expect of Summer Gas Prices

It was hard to miss last weekend's gas prices.

It was hard to miss last weekend's gas prices. They rose just enough to bring back memories of last year's run up. But you can put your fears aside.

In our most recent forecast, Jim Ostroff of the Kiplinger Letter follows trends in crude oil and gas prices through early fall. All you need to know is that gas prices won't creep too far above $2.50 gallon. Here's why:

Advertisement - Article continues below

". . . Expect more or less the same pattern for gasoline prices: First, up another 20¢ to about $2.50. Kilduff notes that in the current economic climate, motorists will cut back if prices get much above that level, acting as an automatic brake on further price hikes. Following the July 4 holiday weekend, prices should drift down until Labor Day. A brief uptick for end-of-summer road trips is probable. Then, prices will stabilize till November or December."

Read Jim's full forecast: Commodity Prices Won't Go Much Higher

Advertisement
Advertisement

Most Popular

7 Surprisingly Valuable Assets for a Happy Retirement
happy retirement

7 Surprisingly Valuable Assets for a Happy Retirement

If you want a long and fulfilling retirement, you need more than money. Here are the most valuable retirement assets to have (besides money), and how …
August 3, 2020
Retired? Good Luck Getting a Mortgage, Even If You’re Wealthy
mortgages

Retired? Good Luck Getting a Mortgage, Even If You’re Wealthy

One 70-year-old’s story highlights the challenges. Prepare for more paperwork and hoops to jump through than you could imagine.
August 2, 2020
Turning 60 in 2020? Expect Lower Social Security Benefits
Coronavirus and Your Money

Turning 60 in 2020? Expect Lower Social Security Benefits

When you file for Social Security, the amount you receive may be lower.
July 30, 2020

Recommended

Tax-Free Weekend Dates, States and Savings for Back-to-School Shopping
Tax Breaks

Tax-Free Weekend Dates, States and Savings for Back-to-School Shopping

Sales tax holidays are a great way to save money on clothes, shoes, backpacks, school supplies, and other back-to-school necessities.
August 4, 2020
Sales Tax Holidays in 2020
Tax Breaks

Sales Tax Holidays in 2020

Sixteen states are having sales tax holidays this year. If you plan your shopping around these tax-free periods, you can save big on back-to-school cl…
August 4, 2020
The Finances of Homeschooling Your Kids: What It Costs, Tax Breaks, More
spending

The Finances of Homeschooling Your Kids: What It Costs, Tax Breaks, More

If you're contemplating homeschooling for the 2020-2021 school year and beyond, consider these 10 things -- from surprising homeschooling costs to pot…
July 30, 2020
Good News: COVID-19’s Social Distancing Seems to Cure FOMO
spending

Good News: COVID-19’s Social Distancing Seems to Cure FOMO

Fear of missing out can put you in debt, but social distancing means no one’s missing out on anything these days. Financially, that’s great news, espe…
July 29, 2020