Gas prices continue to drop

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WVEC.com

Posted on June 20, 2012 at 6:41 AM

Updated Wednesday, Jun 20 at 7:09 AM

WASHINGTON, DC -- The US Dept. of Energy will release its report on gas prices Wednesday morning.

Prices at the pump have gone down a nickel since last week, falling below $3.50 a gallon nationally.

Falling prices give us more money to spend and, thanks to cheaper gas, consumer prices dropped last month by the biggest amount in almost four years.

Triple A says oil prices have dropped 20 percent in the last few weeks, so prices could drop another dime by the July 4 holiday.

This news is coming in the summer vacation driving season, when prices traditionally have gone up, not down.

 

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