May be not. And if the EIA is correct about its projections, the Obama Administration could have a difficult time touting an economic recovery this November. From the U.S. Energy Information Adminsitration:
During the April-through-September summer driving season this year, regular gasoline retail prices are forecast to average about $3.95 per gallon, peaking in May at a monthly average price of $4.01 per gallon. EIA expects regular gasoline retail prices to average $3.81 per gallon in 2012 and $3.73 per gallon in 2013, compared with $3.53 per gallon in 2011.
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