Wednesday, June 19, 2013

Latest local news, weather and high school sports for Tri-State area

As summer nears, expect gas prices to go ... down?
Posted: 05.13.2010 at 5:51 AM Updated: 05.13.2010 at 10:25 AM
1
 / AP Photo
Photo

(AP) -- Now this is a welcomed change. Experts predict gas prices will fall as Memorial Day approaches, instead of rising just as summer vacations begin.

Those experts had expected a national average of more than $3 per gallon by Memorial Day. Now they say prices have likely peaked at just below that price.

Motorists can thank rising supplies and concerns about the global economy that have helped send wholesale gasoline prices plummeting. It will take several weeks for the full effect to hit the pumps.

One industry analyst says the national average could fall this summer to below last summer's peak of around $2.70 a gallon.

Almost two years ago the retail price of regular gasoline peaked at $4.11.

Read more

California gas prices expected to fall under $3 a gallon
Gas prices jump -- but there's hope 

For more business-related news, visit our Money section.

(Copyright ©2010 by The Associated Press. All Rights Reserved.)

Popular Stories
Thumbnail
Teenager arrested for setting fire to Sprouts Inn
Rajah Maples  |  Yesterday at 7:56 PM  |  6 comments
Thumbnail
Two day search for domestic disturbance suspect ends in arrest
KHQA Newsdesk  |  Yesterday at 4:15 PM
Thumbnail
Internet spam calls in bomb threat to Quincy home
Chad Douglas  |  Today at 3:33 AM
Follow Connect Tri-States
Get news and weather notifications on your phone by downloading the iPhone or Android app below
Sign up to get alerts and updates for breaking news, severe weather, and deals:
submit
ADVERTISEMENT
Special Features
Beauty & Wellness
Beauty and wellness info from our experts
Expert Connect Auto
Automotive info from our experts
Expert Connect Legal
Legal info from our experts
Senior Living
Info on senior living from our experts
ADVERTISEMENT