(Bloomberg) — Vacations in the U.S. will be a bit cheaper this year with gasoline prices the lowest since 2009.
U.S. consumers will pay $1.14 a gallon less this summer than in 2014 and use 1.6% more fuel, according to a government report released Tuesday.
Falling pump prices will save Americans $700 a household this year, and, along with stronger jobs growth, has increased driving. Surging U.S. oil production has reduced costs and provided refineries with ample supplies of crude to turn into fuel, keeping gasoline prices in check.
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