Report: Gas prices to remain low

People in the market for a used car with excellent fuel efficiency may get excited about some data from the Energy Information Administration.

According to the EIA, prices for regular gasoline are expected to average $2.23 a gallon during the summer driving season, which could be described as a relief from the approximately $4 a gallon the public had to deal with last year, USA Today reports.

Tancred Lidderdal, a senior economist for EIA, told the news provider the “bargain prices” on gasoline may entice Americans to drive more. And this may not just be a trend. The administration is predicting the average price per gallon for gasoline will be around $2.42 in 2010.

The report suggests people in the market for a used car may be able to save even more money if the vehicle they purchase is fuel efficient.

Last year, Consumer Reports rated some of the top fuel efficient used cars on the market, which included the 2004-2006 Toyota Prius that reportedly gets 44 miles per gallon, as well as the 2006-2007 Honda Civic Hybrid that gets 37 mpg.

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