It may mean more money in vacationers' pockets
Gas prices are poised to fall as Memorial Day approaches, a welcome change for motorists who have gotten used to seeing increases cut into their summer vacation money.
Experts who had been predicting a national average of more than $3 per gallon by Memorial Day now say prices have likely peaked just beneath that threshold. Rising supplies and concerns about the global economy have helped send wholesale gasoline prices plummeting by 25 cents a gallon since last week.
"Gasoline supplies are about as good as they've ever been going into the summer driving season," says oil analyst Phil Flynn of PFGBest in Chicago.
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4 comments:
Would love to see 1.99/ gal.
God Bless America
They will use the gulf spill as a reason to raise prices soon.
How does the Democrat plans to pass cap and trade that includes a huge increase in gasoline tax play into this MSNBC story?
Hold on! I thought Obama was purposely driving up gas prices in order to rule the world
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