Well, in two weeks it has dropped .20 from 3.99 to 3.79 (got gas last night). However, I think that may have to do with the reformulated gas issue we had here in PA. Due to all the “boutique” gas formulas each state has to combat smog in the summer time, the refineries were playing catch-up and we had some shortages earlier in the month. But a .50 drop in prices would be welcome indeed, although I am not holding my breath.
Prices in CA, at least in my area, are 4.25 for reg unleaded.
You are probably correct. After June 1st all summer formulations must be in place and the supply chain is done with winter gasoline (until September). The difficulties of managing two inventories (summer gasd & winter gas) during the spring adds to the price that we pay at the pump.
Here in suburban St Louis the price drop in the last ten days is $.50, from 3.99 to 3.49 this morning. Time to start filling the V-10 beast again.