Experts say the cost of fuel should soon go down
POSTED: Wednesday, May 7, 2014 - 10:00am
UPDATED: Wednesday, May 7, 2014 - 10:04am
NBC NATIONAL NEWS — Much of America watched helplessly as gas prices climbed over the past few months, forcing drivers to spend about $11.7 billion more filling up this April than they did at the same last year.
Now analysts say gas prices are falling after a hitting a peak last week of about $3.70 a gallon for regular unleaded.
Prices have already dropped about three cents a gallon and will continue to fall according to Michael Green of AAA.
"Most people should be paying less for Memorial Day than in recent years," Green says.
Analysts say there's a small chance the national average could even dip below $3.25 a gallon this summer.
Green says increased production is driving the drop in prices now that refineries have completed their yearly spring maintenance and reformulated their gas for summer.
Read more: http://nbcnews.to/1nhuWcG