Gasoline at the pump should drop below $3.50 a gallon in June, according to AAA, the nation’s largest motoring organization.
The U.S. average fell nine straight days to $3.612 Thursday, according to data from AAA. The average, which jumped 17 days in a row to $3.66 on May 21 on seasonal maintenance and refinery shutdowns in the Midwest and West Coast, will keep declining, AAA forecasts.
“Continued refinery maintenance and other production issues led to tight supplies and a spooked market for much of the month,” Avery Ash, a spokesman for AAA in Washington, said in a statement. “Gasoline supply problems should ease over the next month as some refinery maintenance comes to an end.”
Prices reached a year-to-date peak of $3.786 on Feb. 26. The low for the year is $3.291 on Jan. 1.
In the Kansas City area, gasoline prices were hovering around $3.64 a gallon Friday.