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.
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“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.