Barring any major catastrophes in the Persian Gulf or a severe spike in civil unrest in Nigeria, he expects gas prices to peak at $4.20 per gallon around Memorial Day and then start to decline in September.
"I think there should be enough momentum to lift consumer confidence out of recession territory," he said.
AP Economics Writer Chris Rugaber, Real Estate Writer Derek Kravitz and AP Energy reporter Chris Kahn contributed to this report.
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