Monday, June 10, 2013

Gas prices falling but still high

On Thursday, gas prices were already starting to drop, falling to $4.17 from $4.29.  Yesterday, the corner station lowered its price to $4.09, which was matched by the three stations down the street.  This is exactly where it was when I first noticed the price over $4.00 just over a week ago.

The good news is that the price is falling just as predicted.  The bad news is that it's still much higher than 1) it was last month, 2) what it should be based on the price of oil, and 3) the price this time last year. In fact, the average price last week was 49 cents higher than the same week last year.  I'm going to wait a while before breaking out Professor Farnsworth again, at least for the price of gas.

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