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Gas prices expected to drop by nearly 50 cents for summer
msnbc.com ^ | May 7, 2011 | AP via Huffington post

Posted on 05/25/2011 8:30:52 AM PDT by frogjerk

NEW YORK — Some relief from suffocating gas prices will likely arrive just in time for summer vacation. Expect a drop of nearly 50 cents as early as June, analysts say.

After rocketing up 91 cents since January, including 44 straight days of increases, the national average this past week stopped just shy of $4 a gallon and has retreated to under $3.98. A steady decline is expected to follow.

It might not be enough to evoke cheers from people who recall gas stations charging less than $3 a gallon last year. But it would still ease the burden on drivers. And it might help lift consumer spending, which powers about 70 percent of the economy. A 50-cent drop in prices would save U.S. drivers about $189 million a day.

(Excerpt) Read more at msnbc.msn.com ...


TOPICS: Business/Economy; Extended News; Politics/Elections
KEYWORDS: 2012; 2012election; drillheredrillnow; elections; fundedbysoros; gasprices; mediabias; nobama; nobama2012; nodrilling; obama; obamacampaign; oil; soros
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How's that been working out since this was published on May th

A 50-cent drop in prices would save U.S. drivers about $189 million a day.

Obama is putting money back in our pocket, yeah -deranged lib

1 posted on 05/25/2011 8:30:56 AM PDT by frogjerk
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To: frogjerk

I’ll believe it when I see it.


2 posted on 05/25/2011 8:31:39 AM PDT by Peter from Rutland (!@)
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To: frogjerk

Are these the same people that report “unexpected” results each week??


3 posted on 05/25/2011 8:33:09 AM PDT by radioone
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To: frogjerk

If the prices unexpectedly don’t drop, that will be Bush’s fault.


4 posted on 05/25/2011 8:34:02 AM PDT by Cicero
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To: Peter from Rutland

Believe what? $3.60 - $3.70 a gallon still sucks.


5 posted on 05/25/2011 8:35:05 AM PDT by hflynn
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To: frogjerk

Title should read:......
“Obama plays rope-a-dope with U.S. drivers.....”


6 posted on 05/25/2011 8:35:05 AM PDT by AngelesCrestHighway
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To: frogjerk
If he makes it, and this communists will surely force it down, he will gain millions of votes. Everything this King Obama does is for votes.
7 posted on 05/25/2011 8:36:30 AM PDT by Logical me
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To: frogjerk

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.


8 posted on 05/25/2011 8:38:32 AM PDT by PAMadMax (Islam is a disease....)
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To: frogjerk

Well, since gas prices have gone up some $1.30 (at my local Circle-K) in the past 8 months, now I’m supposed to be a good sheeple and hail “THE GREAT O” with gratitude for a lousy half-a-buck???
Don’t think so.....


9 posted on 05/25/2011 8:38:40 AM PDT by Uncle Ike (Rope is cheap, and there are lots of trees...)
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To: frogjerk
A 50-cent drop in prices would save U.S. drivers about $189 million a day.

Uh, maybe the price is dropping because 10-15% of Americans ARE NOT driving to a job!

10 posted on 05/25/2011 8:40:05 AM PDT by TexasCajun
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To: Uncle Ike

it dropped about ~10 cents here in Virginia.... but...that’s not good enough. could the days of sub $2 gas be over?

is there a chart that compare the gas price with actual money value since the 70’s? i was just wondering because if the price were the same sub $2 from 70’s to 90’s, it actually got cheaper and cheaper, and this is just a sudden correction forced by the liberals.


11 posted on 05/25/2011 8:43:47 AM PDT by VAFreedom (maybe i should take a nap before work)
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To: Peter from Rutland

Here you go:

http://www.virginiabeachgasprices.com/

Already down to $3.28 on base and $3.35 just off base. These are always the first areas to see the drop in prices. The rest should come down fast next week after they gouge the tourists.


12 posted on 05/25/2011 8:46:43 AM PDT by wolfman23601
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To: Peter from Rutland

The gas speculators want Barack Hussein Obama re-elected.
They know his chances are slim if gas prices stay high. As such, they are willing to take a hit now to keep him in Office after next November.


13 posted on 05/25/2011 8:46:58 AM PDT by Mr. Wright
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To: frogjerk

Engineered for the reelection prospects of one, big eared, dope faced socialist president... wanna know what I really think? I’d be banned from here, that’s for sure!


14 posted on 05/25/2011 8:48:31 AM PDT by dps.inspect (the system is rigged...)
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To: VAFreedom

” compare the gas price with actual money value since the 70’s “

I’m wondering if a more accurate comparison might be ‘Gas Prices vs Actual Purchasing Power of Your Paycheck (measured in goods & services..)’


15 posted on 05/25/2011 8:50:55 AM PDT by Uncle Ike (Rope is cheap, and there are lots of trees...)
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To: Uncle Ike; VAFreedom

http://www.westegg.com/inflation/


16 posted on 05/25/2011 8:54:39 AM PDT by Red Badger (Jesus said there is no marriage in Heaven. That's why they call it Heaven............)
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To: frogjerk

Yeah, it’ll drop in penny increments but it rises in nickle and dime increments.


17 posted on 05/25/2011 8:57:12 AM PDT by OB1kNOb (Paradox: To dumb down the citizenry so they won't think for themselves, the government educates them)
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To: OB1kNOb
I do not think so...summer blends are more expensive..
18 posted on 05/25/2011 9:08:30 AM PDT by Hojczyk
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To: frogjerk
My gas station (cheapest one in town) just went from $4.29 down to $4.15.

Sad....I was happy about the $4.15 per gallon price, thought I was getting a bargain!

19 posted on 05/25/2011 9:12:18 AM PDT by NoGrayZone ("Islamophobia: The irrational fear of being beheaded.")
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To: Peter from Rutland

Me too...


20 posted on 05/25/2011 9:15:23 AM PDT by WKUHilltopper (Fix bayonets!)
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