The chances of gas prices falling below the $3 mark anytime in the near future might seem unlikely, but analysts say that it could come close. Fuel costs, already dropping, are expected to continue to do so for the rest of the year.
Gas prices have taken a wild ride this year — first we were told to expect record-breaking fuel costs, and then analysts backed down from that prediction.
Since then, prices have see-sawed back and forth, and now experts expect them to drop again.
Just a few months ago, analysts were worried gas prices would soar this summer, possibly topping $6 a gallon. But now that the warmer months are upon us, there’s been an abrupt about-face.
In fact, fuel prices are now falling so steadily that many experts predict that by this fall, a gallon of gas will be under $3.
Many analysts predicted doom and gloom for gas prices this summer, with some saying they could reach as high as $6 per gallon.
But it seems those concerns were for naught — fuel costs have been on the decline and are now expected to stay well below last year’s prices.
While gas prices may be coming in a little bit after a four-month surge, they still stand at almost four dollars a gallon. According to a new survey from Harris Interactive of 2,451 adults, these unprecedentedly high prices are causing Americans to change their overall spending habits.
A lot of people are hurting these days because of the slow turn of the global economy. Few places are making them feel the pain of painfully slow growth more than the gas pump.
But that doesn’t mean relief can’t unexpectedly happen.
While public transportation was the primary way Americans got around in the 1940s, the boom in car ownership eventually meant fewer people on subways and buses.
But thanks to high gas prices and an improving economy, that seems to be changing.
With the average price of gas approaching four dollars a gallon, the question becomes whether Americans are going to start to seriously changing their current driving habits and vacation plans, in light of this hike.
This morning I stopped to get gas and as I was pulling in my neighborhood gas station I notice the price of gas has gone up since last week. I wasn’t surprise by the gas prices going up, for the past 10 years I have seen the gas trend again and again. At first I was surprised, sure it’s just a seasonal thing, then maybe I am driving too much, I tried to cut on that, and it when on