Spring time brings warmer weather, longer
days, and historically, higher gas prices. Fuel prices tend to begin to
climb each year right around this time, reaching their peak around
Memorial Day when many motorists are hitting the road in high numbers.
This year, however, could turn out to be a little
different if the price of oil, a key factor in the price of fuel,
continues to remain low. Oil prices have remained relatively low due to
lowered consumer demand.
The Energy Information Administration
reports that the weekly demand for fuel has declined for the last four
weeks. Gas price increases have been fairly stagnant due to the
struggling economy and job losses, ultimately which have resulted in
consumers driving less. The EIA predicts that because of this, the
national average will remain close to or slightly under $2 a gallon.
Let’s hope that they’re right and we never
return to the days of over $4 a gallon at the pump, since we can all
use that extra money in our pockets.
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