It’s easy for U.S. drivers to forget the high gas prices in recent years after the ultra-lows seen only months ago, but prices going into the summer months of 2016 are still well below what they were this time last year, and the lowest price heading into the summer months since 2009. Despite a recent uptick in the price per barrel of oil—up $20 since the last week of January 2016—U.S. drivers will still enjoy the low gas prices this summer. The spot price for WTI crude oil is still significantly lower than this time last year, trading today at US$49.94/bbl compared to 1 June of 2015, when prices were $62.21 . Related: Oil Speculators No Longer Confident In Price Crash Image courtesy of WTRG Economics The U.S. average retail price for gas was $2.30 per gallon on 23 May 2016, according to the U.S. Energy Information […]