|Published:||May 13, 2010 11:36 AM EDT|
|Updated:||May 13, 2010 11:36 AM EDT|
UNDATED (AP) - Now this is a welcomed change. Experts predict
gas prices will fall as Memorial Day approaches, instead of rising
just as summer vacations begin.
Those experts had expected a national average of more than $3
per gallon by Memorial Day. Now they say prices have likely peaked
at just below that price.
Motorists can thank rising supplies and concerns about the
global economy that have helped send wholesale gasoline prices
plummeting. It will take several weeks for the full effect to hit
One industry analyst says the national average could fall this
summer to below last summer's peak of around $2.70 a gallon.
Almost two years ago the retail price of regular gasoline peaked