Gas Prices Expected To Continue Drop
This morning on the way to work, I saw gas had dropped again to $3.75 next door to our studios. Great! But still way too expensive. The average cost of a gallon of gas in the U.S. is now $3.75, and it is expected to continue dropping.I hope this report from CNN is correct, but I’m always a little timid when they open their mouths. It seems as soon as they say the price will go down, someone panics on the market and it shoots right back up!
“There’s a very good chance that pump prices will continue down, because there is an oversupply of gasoline at a time when our demand is weakening from unemployment conditions,” as well as reports of a possible output hike from Saudi Arabia, said publisher Trilby Lundberg.