It's nice to see gas prices fall a bit...even if it's likely only temporary.
Gas prices are now down to $3.51 at the last station where I filled up. That's about 50 cents cheaper than earlier this summer. Still not a bargain...but a bit more tolerable.
The bad news is that prices could increase again real soon. Oil prices are expected to jump as Hurricane Gustav heads towards the Gulf. The coast of a barrel of oil increased $1.16 Tuesday to close at $116.27. It's only expected to go higher as evacuations of some oil platforms in the Gulf could begin as early as Wednesday.
I'm still hopeful Gustav won't cause much disruption in the Gulf...but as far as the market speculators are concerned...it appears it already has!
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