Gas prices expected to start dropping
By Gary Richards, San Jose Mercury News
If $4.26 for a gallon of gas seems painful, relax. The price at the pump in California is ever so slowly falling after four weeks of constant increases — and could drop as much as 40 to 50 cents by July 4.
“They just started to ease. The worst may be behind us,” said Patrick DeHaan, petroleum analyst for GasBuddy.com. “The next week is crucial. Let’s see what happens if oil is lower.”
The price of oil fell below $100 a barrel Thursday for the first time in three weeks, as the price of gas reached a state average of $4.261, down ever so slightly from $4.263 the day before.