After 4-Month Surge, Gas Prices Start Falling

By: AP
By: AP

The worst is over, for now: Gasoline prices are starting to fall.

After a four-month surge pushed gasoline to nearly $4 per gallon in early April, motorists and economists feared that gasoline prices might soar past all-time highs.

Instead, pump prices have dropped 6 cents over two weeks to a national average on Friday of $3.88. The decline in gas prices follows a recent drop in oil prices.

Experts say gasoline could fall another nickel or more next week. If that happens, it would be the first time since October 2009 that drivers would be paying less at the pump than they did the year before.

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  • by Tim Location: Georgetown, KY on Apr 22, 2012 at 07:54 PM
    Dear Fellow American Motorist, See my new blog & save $1 a gallon at the pump: Also, check out our website as it is updated frequently. And please help yourself to the RECESSION BUSTER $7800 Family Savings Plan & Bonus Vacation Vouchers. You may take all you can use & share. God Bless You & Yours, Tim
  • by J Location: Anywhere but c/s on Apr 21, 2012 at 11:16 PM
    I'm so glad I do not live in co spring. Crazy f***s
  • by hot rod lincoln on Apr 21, 2012 at 04:06 PM
    Oh. Wow. First of all, it doesn't matter what happens with gas prices, most of us will simply buy the gas. The people who predict the cost of gas are always right. ALWAYS. As much as that sucks, it's fact. I don't know much about the process, but apparently it is no fail. Obama had a car when he was a senator. It was a Chrysler 300. Some dill-hole was trying to sell it for a million dollars on E-Bay. One of the selling points was that it had all of Obama's favorite stations still programmed into the radio. Barf.
  • by JB Location: Monument on Apr 21, 2012 at 10:33 AM
    Doesnt anyone research before posting? Gas prices remain lower during the winter months and ALWAYS raise toward spring and summer- yes the demand for recreational driving contributes to higher prices in summer but the reasoning is in fact 100% political. Oil companies profit, and donate PAC money to congressional and presidential campaigns. Nobody rationally bites the hands that feed them... its an unfair and unbalanced system if you dont already know this, open your eyes!
  • by M on Apr 21, 2012 at 09:53 AM
    Obama doesn't directly influence gas prices. Nor is it strictly supply and demand. Supply has never been higher and demand is relatively stable if not declining. Speculators do contribute to rising prices and they are influenced by the POTUS's energy policy and attempts to get us off oil at any cost.
  • by Lo Location: colo sprgs on Apr 21, 2012 at 09:15 AM
    I read an article about 6 to 8 weeks ago that stated gas prices would continue to rise until the end of April and then would go down - so i guess that article was right. Don't any of you complainers rememeber how high gas was four years ago about at this same time - and just before elections they started to go down. It has nothing to do with who is president and everything to do with the oil companies and speculators. We are producing more oil here in the US then we have for many years - look it up.
  • by Colo Location: C/S on Apr 21, 2012 at 07:31 AM
    So Rusty, how long have you lived in your cave? Just google Sen Obama and gas prices and see what he has to say about who's to blame for them as far back as 2006? Here's one link but there are many: So now that Obama is President it's not his fault? Explain to us idiots please!
    • reply
      by J on Apr 21, 2012 at 08:32 AM in reply to Colo
      Rusty is absolutely right. Obama can't just snap his fingers and raise gas prices. Not that I'm defending the liberal twit, but it's just not his fault. Gas prices are a DIRECT result of supply and demand. Contrary to what you extremists like to believe, politics don't play a role in EVERYTHING that p*sses you off.
  • by bron on Apr 21, 2012 at 06:03 AM
    They went down, then up, then down again last week. I think we'll see at least $4.50/gallon here this summer.
  • by rusty Location: colorado springs on Apr 21, 2012 at 04:15 AM
    Its not the president that controls gas prices. Anyone thats paying attention to it knows that. It a bunch of political bull and you folks are falling for it. The oil companys control the price, and if the speculators that they pay for say there is going to be a shortage they belive in 10 years and you better stock up, the price goes up over night, but when the cost of a oil goes down the price of fuel goes down very slow. The republicans are playing the people of this country on and you fools are beliving in it. Read the news, ask questions, and find the facts, youll see what its all about, its called greed...the oil companys for years are saying they make no profit but if you look at the profit reports they make a ton.
  • by Hard on Apr 21, 2012 at 03:56 AM
    Tell God to stop tornados then. They are hard to deal with! So Obama doesn't drive? Check again idiot. We all drive. Do you think he never drove before becoming president?
    • reply
      by LOL... on Apr 21, 2012 at 05:17 AM in reply to Hard
      Actually you should check your facts....he didn't drive before he was POTUS. he has no drivers license...never has had one.
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