Here’s something to look forward to. Average monthly gasoline prices are expected to fall through the end of the year.

That’s the prediction of the federal government’s Energy Information Administration. Spokesman Jonathan Cogan says the US and Canada are expected to provide most of the increase in global non-OPEC oil production over the next two years.

“Most of the additional US production is expected to come from drilling in shale formations in Texas and North Dakota.”

Gasoline consumption is expected to increase the last quarter of this year. (INT)

Story Date: August 26, 2014