Fill Up While You Can!

It's nice to see gas prices fall a bit...even if it's likely only temporary.

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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Comments are posted from viewers like you and do not always reflect the views of this station.
  • by Ted Location: Greenville on Aug 29, 2008 at 12:58 PM
    I understand how the price of oil is determined, I truly do. But it is very difficult not to raise an eyebrow when every storm, broken mirror and barking dog causes the price of gas to skyrocket. All I know is when my Jeep was new I could fill it up for $12.00 flat. Today I put in an even $60.00 and I wanna yell at somebody!
  • by Joann Location: Arapahoe on Aug 29, 2008 at 09:12 AM
    I have missed Jamie Arnold is he still with WITN Weather

    Editor's Note: Go to the "Where Are They Now" section of the site and read Jamie's farewell notes. We miss him too.

  • by Mike Location: Edenton on Aug 29, 2008 at 03:01 AM
    The reason the prices are falling is because of the election. When the Dems regained control of the Congress and Bush entered his 2 year lame duck session gas was $2.16 a gallon, consumer confidence was high, housing starts at an all-time high, low unemployment, strongest ever stock market, and so on. After 2 years of Dem control all those things have gone to the dogs and you hear no comparisons from the media.
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