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Over the past couple of weeks it seems that the national average price for a gallon of gasoline has lost about a penny per day. While this is certainly a welcome surprise, has this modest decrease been enough to make us think the worst is behind us?
Apparently not so much.
According to a recent poll on Daily Fuel Economy Tip, nearly 70% of us believe that gas prices have yet to hit their high for the summer. That’s pretty scary news considering that the new record high of $3.24 was set less than a month ago.
When asked, “Have gas prices hit their high for the summer?” 68% of respondents stated that prices have yet to hit their highs; 18% of respondents stated that gas prices have in fact hit their highs for the summer; and the remaining 14% stated they were unsure if gas prices would break the $3.24 record high.
Considering the national average gas price has fallen nearly 8% off of the record high set on May 22 and has finally broken $3 per gallon, it’s kind of surprising that so many people are so skeptical that prices have hit their ceiling for the summer.
That being said, it’s easy to see why the nearly 45% jump in prices over the span of only four months might cause people to believe that this latest decrease in gasoline prices might just be temporary.
{ 3 comments… read them below or add one }
Yes, I agree. I wouldn’t get too comfy with the current gas prices just yet or ever!
Nope…by no means. I’ve seen this before. There’s always this lil’ trick period where you start to think maybe that’s it. And then forget about it for a while.
Then 4th of July hits. I’ll take advantage and fill up now. Even if I don’t have to.
We can only hope right? Hopefully things won’t get too crazy, but I also doubt that they’ve reached their high point yet.