Gasoline Prices Unlikely to Hit Predicted Peak

U.S. retail gasoline prices won’t reach the peak of $2.35 a gallon in May as previously forecast and should continue declining through this month, the government said today.

A strong rise in crude oil inventories to the highest level in almost six years has pushed down the price for oil and, as a result, lowered gasoline costs, according to the Energy Information Administration.
Houston Chronicle