Gas to Fall 50 Cents

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Despite the scary predictions of $5 and $6/gal. gas by some pundits, it looks like gas prices are dropping and some analysts say prices will fall by 50 cents during the summer.

After an 8 week climb, gas prices are now at a national average of $3.90/gal., said AAA Thursday.  That’s down from  $4.03. Pundits say the average will be closer to $3.50 at some point this summer.

A 50 cent drop equals a savings of about $300 over the course of the year for a consumer.  Let’s hope that prices stay down for a while.

Source: Reuters

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1 Comment

  1. It might come down, but if a hurricane comes into the Gulf $5.00/$6.00 will be a reality.

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