I just paid $1.89 per gallon at newly opened J R's Seneca Hawk gas station and driving range in Irving, New York. There are a few locations just south of Hamburg and Derby, New York where you'll still find gas still under $2 a gallon.
Rejoice America, oil prices have fallen below $50 per barrel! Motorists have been saving over a grand a year at the pumps for a few years now. But, are the low gas prices actually hurting the economy? In some ways they are.
Those $4 a gallon gas prices we experienced from 2007 through 2009 may be a thing of the past...at least for this summer. Economists predict that the national average price for a gallon of gas will fall about 32 percent from a year ago. Between now and September, when we do most of our driving, it should cost you much less to fill up at the pump.
From truckers to cab drivers and folks like me who have a six hour travel every weekend to visit family, the lower gas prices are a great thing. For those who depend on higher prices, not so good as experts say the lower price trend should continue through winter.
The Dow Jones Industrial Averages have been breaking records for months now. The national unemployment is at a manageable 5.8% and now gas prices are below $2 a gallon in 13 states. 3 states have pumps at $1.90!
I just filled up the tank this morning and paid $3.95 per gallon, but they say that gas prices are dropping. Sure the prices will drop, then they creep up on ya, drop again, then....go way the heck up again.
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.
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