Relief at the pumps?

As everyone knows, there has been a pretty steep climb in gas prices this last April. Recently, these prices have dropped 10 to 12 cents. This may not be a big deal considering how much they have recently increased, but experts expect them to stay at this level throughout the summer. The average price of regular unleaded is now $2.18 a gallon, compared to the high of around $2.30 a gallon last month. These prices show a 5% drop since January. Even with this drop, prices are still up 37 cents a gallon, or about 20% compared to what they were. The drop was caused by the oil supply buildup. In March, OPEC increased daily production by 2 million barrels and is now pumping at a 25-year peak. Starting this month, OPEC will add another 500,000 barrels per day. Hopefully consumers will continue to see a fall in prices at the pump for our sake and the economies'.





www.gaspricewatch.com
http://www.usatoday.com/news/nation/2005-05-03-gas-prices_x.htm