Demand for gasoline usually dips during the cold, sleepy month of February. Prices at the pump tend to decrease or remain …
Hurray! Drivers are now seeing the year’s cheapest prices at the pump. Let’s not get carried away and actually declare these prices truly “cheap,” however.
“Cheaper gas prices” probably wasn’t tops on many holiday wish lists. But relief at the pump could represent a holiday dream come true: As families save money on gas, the budget will be freed up to purchase more presents.
We’ve come a long way. For much of 2012, drivers have been paying 10¢, sometimes 25¢ more per gallon than the same time in 2011—which was the priciest year ever for gasoline.
Hurricanes are often associated with soaring gas prices, and sometimes even complaints from drivers about price gouging by gas stations as well. Experts, however, say that Sandy’s effects on gas prices will be mild.
Does either candidate really believe in an “all of the above” energy policy?
The average price for a gallon of gas now stands at $3.72. That’s nearly 40¢ higher than the summer’s low, which was reached in early July, just a few weeks ago. It’s also the highest ever average gas price for this time of year.