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How Low Can Gas Prices Go?

Not so long ago, we all complained about the rise in the price of gas. Somebody, somewhere heard our prayers.

If you've filled up your gas tank lately, you probably noticed how much more you can get--and save.

Following weeks of rising gas prices throughout California, pump prices have now turned the corner and started to fall in the Golden State, according to AAA Insurance, which tracks gas prices as a service to consumers.

The organization's survey of gas prices revealed that every metro area in Northern California saw a drop in its average price over the past month.

On Monday, June 25, the Arco gas station on the corner of Shoreline Boulevard and W. Middlefield Road posted the price of unleaded gas at $3.73.

Mapquest shows that the cheapest gas in the South Bay appears to be in Gilroy at $3.18 followed by Cupertino at $3.53, according to Patch's Commute page.

Gas prices will continue to drop this summer, according to economists, due to a drop in crude oil as a result of the increase in Saudi Arabian supply and higher United States refinery production.

Experts expect gas prices to hit $3.

 

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randy albin June 26, 2012 at 05:07 PM
the last time that i was in grants pass, oregon, gas was 97 cents per gallon. aren't these enormous gas companies already rich enough? give the general driving public a break, for heaven's sake
Andrew Boone June 28, 2012 at 06:57 AM
Does cheaper gas mean more people will be driving more often - so more car traffic? I would expect that but don't really know for sure.
Bob Sanchez July 16, 2012 at 08:15 PM
claudia as of this morning costco gas is @ 3.69 gallon and so is valleo gas the most expensive i seen is the shell station on middlefield at 3.80 a gallon

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