Thursday, October 09, 2008
Gas Prices Have Drivers Smiling At The Pumps
With falling gas prices, drivers are finally smiling at the pumps, but, they say there's doubt the prices will remain lower.
They fear, as we enter colder weather, they'll shoot back up. Oil prices have tumbled about 40% since peaking at $147 a barrel on July 11. A drop below $85 a barrel is considered an almost certainty in the current environment.
Although prices rose slightly to $90 a barrel on Tuesday, analysts say they will continue to head lower. For now, motorists say the few cents in their pocket is just as good as it is in the oil procucers pockets.
They fear, as we enter colder weather, they'll shoot back up. Oil prices have tumbled about 40% since peaking at $147 a barrel on July 11. A drop below $85 a barrel is considered an almost certainty in the current environment.
Although prices rose slightly to $90 a barrel on Tuesday, analysts say they will continue to head lower. For now, motorists say the few cents in their pocket is just as good as it is in the oil procucers pockets.
# posted by Homer Owens @ 4:16 AM 
