You’ve heard the rumors. Gas prices appear to be on the way down. It’s hard to come to that conclusion when you’re still paying more than $3.50 per gallon and fondly remembering all those misspent $1.50 gallons of your youth.
But it’s true. Gas prices are indeed heading downward ever so slowly. The buck-fifty days are gone forever unless you have a VW that can run on vegetable oil. But CNN recently reported that a survey of credit card use at pumps around the nation revealed an 8 day slide in gas prices. The current average is $3.65. New Jersey had the cheapest prices at $3.43.
The easing of pain at the pump is mainly because crude oil prices have dropped significantly over the past month. Now analysts are talking about when they will hit $100 per barrel instead of when they will rise above $150. The reason for the drop? Worries about a lack of demand and the relatively calm hurricane season. So if you are looking to hit the road this fall, you might be spared from the $4 per gallon price tag.