Quote:
Originally Posted by Chicks
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Patrick De Haan, an analyst with GasBuddy, said Wednesday he expects most stations will see drops of one to two cents per gallon every couple of days for the next two to three weeks, possibly longer. If “things do hold steady,” he says, “the national average could drop to $4-$4.25/gal by mid-August.”
I'm sure that $4.25/gallon gas will make everyone so very happy...until they remember it was under $2.00/gallon not long ago.
Seriously, any drop in gas prices between now and August will be demand-driven, not supply-driven. If the supply issues aren't addressed, we'll be right back here again next summer.