After enduring a four month increase of gas prices, economists believe that the worst is over and that we are going to start see a decrease in gas prices. Over the past two weeks, the national average has dropped six cents to $3.88 and believe it to drop another five cents in the next couple weeks. This drop will save approximately two dollars per fill up. Another historical fact is that the current price is lower than last years average so signs of improvement are definitely there. The rumors of prices reaching up to five dollars a gallon have been almost entirely wiped out which was a much larger topic a few months ago. Unfortunately there are still potential factors that could spike prices back up however, for now, we are seeing a steady decline in the gas prices.
This is great news for the travelers of this country. I think we all felt the effects of high gas prices and I, myself, would try and drive as little as possible just to keep from killing the wallet. Bikes had become more and more common on the streets as people could not afford to lose seventy dollars on one fill-up. It is great to see the decrease in prices especially with summer approaching and job travel is what is likely in store for a lot of us seniors.
4 comments:
I'm glad you brought this article to our attention. I was wondering why gas prices were dropping so rapidly lately....I just thought it was god being kind to us!!!
I am grateful for the lower gas prices now but I do not expect them to stay low. I feel gas prices are always higher during the summer and expect them to increase here soon.
It is interesting to see this article regarding to the gas price. It is something that totally related to everyone's daily life, and at the same time, it is one of the crucial economic indicator. The change of oil price ties to the macro economic changes in the U.S. and around the global and to the political changes around the world as well. Quite interesting article.
The rising gas prices were related to disputes in Iran. How and what agreements were made or where else is the oil coming from?
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