KKTV - Economy - Headlines

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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