Secretary of Energy Jennifer Granholm said that gas prices for this summer are “going to be rough” as Thursday’s data shows the average price for a gallon is nearing $5.
“Yeah, this summer is going to be rough,” she said in response to a CBS News statement about whether she has any statements to reassure Americans about the record-high prices.
She continued, “I’ll just be honest with you. The Energy Information [Administration], which is the entity that projects forward the price of gas the price of oil, has said that by the fall, it should be down to $4.27 a gallon, and by late this year, early next year, it’ll be down to $4, maybe under $4, maybe high [of] $3 a gallon.”…