Will Gas Dip Below $3 a Gallon This Summer?

May 8, 2012 by
Filed under: Automobile, Energy 

Consumer advocate Clark Howard is predicting that there is a better than 50/50 chance that gas prices will dip below $3 per gallon and fall into the $2 range this summer.  The U.S. is currently sitting on its greatest stockpile of oil in the last 22 years. 

Howard believes that our increased oil reserves in conbination with the following factors will contribute to lower prices at the pump:

  • France has elected a new socialist president
  • The disruption in Greek elections
  • Continuing political and economic uncertainty in Europe
  • China’s economy is slowing down
  • Americans are buying more fuel efficient vehicles
  • There appears to be less talk of going to war with Iran

According to MilwaukeeGasPrices.com, the current national average at the pump is $3.76 per gallon and the average price in Milwaukee is $3.80 per gallon.

It’s extremely difficult to predict where gas prices are headed.  However, there is one thing that we know for sure - we hope Clark Howard is right with his prediction!

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