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Feds: Gas To Average $1.87/Gal. Through 2009

Been thinking about buying a Hummer recently but putting it off because you're worried gas will shoot back up to $4 per gallon?

Well, friend, cast your worries aside! Lasso that Hummer!

In a report out today, the Energy Information Administration -- keepers of the official energy stats for the U.S. government -- said it expects gasoline to average $1.87 per gallon through 2009.

And more good news: The EIA expects gas to jump only to $2.18 per gallon in 2010.

And for your truckers -- and buyers of New Diesel vehicles, such as the 265hp/35mpg highway BMW 335d sedan -- you get good fuel news, too.

Diesel -- which averaged $3.79 per gallon in 2008 -- is projected to average $2.27 per gallon in 2009 and $2.54 in 2010.

-- Frank Ahrens
The Ticker is Twittering!

By Frank Ahrens  |  January 13, 2009; 11:26 AM ET
Categories:  The Ticker  | Tags: Hummer, gas prices  
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