Experts predict 2014 summer gas prices to be slightly higher than last summer

WLFI File Photo
WLFI File Photo

LAFAYETTE, Ind. (WLFI) – A Purdue energy expert believes summer gas prices should stay below $4 a gallon in the Midwest, but they may be slightly higher than last summer.

Energy economist Wally Tyner said with greater oil refining capacity and less demand thanks to more fuel-efficient vehicles, prices should range from $3.45 to $3.90 a gallon in the Midwest.

But he warns drivers that any short-term disruptions could mean higher prices temporarily.

He says crude oil prices have been running about $4 a barrel higher than last year.

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