Experts announced today, that gas prices are expected to drop by .50 cents per gallon in the next few weeks. Oil prices have taken a huge hit during the stock market turmoil, which may be the one good thing to come out of this mess.
If the price of gas declines that rapidly, will the domino effect work in consumers favor? Well, that’s doubtful, but we will have to wait and see. It always seems as though prices skyrocket when the price goes up, but are slow to move in the other direction, when the price goes down.
It would be very good news to pay less for gas, but will we ever see prices below $3 per gallon again? Probably not. Why does it see as though we can never get a true break?