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GasBuddy forecasts the average gallon of gas will sit at $3.02 over the summer, from Memorial Day to Labor Day, with a sub-$3 national average possible on some days. According to GasBuddy's survey, roughly 69% of Americans plan to take a road trip this summer, down roughly 10% from last year.

Gas and electricity bills are expected to fall in July, when a new price cap takes effect. It is likely to reverse the increase for millions of households on 1 April, under the current cap. The annual bill for a household using a typical amount of gas and electricity rose to £1,

Europe can secure enough liquefied natural gas to refill storage for next winter at current prices, but the region faces competition for supply should prices fall further, according to Goldman Sachs Group Inc.