Gas Prices Began To Decrease

A sigh of relief from drivers as gas prices drop for the first time since January.

According to the Lundberg Survey, the national average price of gasoline has gone down seven cents over the past three weeks.

Analysts say the modest relief came from a boost in supply from foreign producers.

Lured by higher prices, international providers are getting into the American market.

Despite this recent drop, prices are still up ninety-three cents since the start of 2007.

Observers do not foresee any significant changes in the cost per gallon.


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Comments are posted from viewers like you and do not always reflect the views of this station.
  • by Anonymous Location: Eastern Kentucky on Jun 12, 2007 at 07:41 AM
    We need someone with enough honesty and decency about them to step up and say Hey look we need to give the working people a break because those same people are the ones paying our wages. The working people do not have a chance. By the time we buy our gas to go back and forth to work and pay our utility bills there is very little left to feed and clothe our children let alone try taking them on a vacation. With gas prices so high very few people will be going on vacation this year because they can not afford to buy food and pay for a motel/hotel after they have bought the gas to get there and have enough left to buy the gas to get back home. We, the American people are paying the wages of our Senators, Congressmen, and Representatives and they should in turn for once stand up for the ones that have elected them. All the promises end as soon as the elections are over and I along with the rest of the American people for once would like to see some of those promises kept.
  • by Jack Location: Pike County on Jun 12, 2007 at 07:01 AM
    Don't you find it surprising that each time there is a decrease the following increase,followed by another decrease, leaves the price higher than it was before the initial decrease.
  • by Teacher Location: Lex on Jun 12, 2007 at 06:40 AM
    Johnny from evarts; unless you go back to school and learn how to spell, you will always be making minumum wage. Don't blame Bush or Cheney (you spelled his name wrong) for your problems. Nobody in politics will do anything because they ALL get money from oil companies.
  • by johnny Location: evarts on Jun 12, 2007 at 05:22 AM
    with bush and chaney being oil men how can gas prices drop we will never see much done about it until congres puts presur on oil compneys how can people drive 3o miles to work making minum wages something hast to be done i think about election time prices will drop a little but will go back up after the election is over
  • by Duh Location: Lex on Jun 12, 2007 at 04:51 AM
    When the so-called "oil analyst experts" say the price is going up, it always goes up. You never hear these same analysts say the price is going down. THEY WORK FOR THE OIL COMPANIES!! When the "the so-called experts" say the price will most likely increase, the oil companies use that statement as credence for them to jack up the price again and the "experts" get their big paycheck for helping them do this. It's not the fact that we are being screwed, I'd just like to get kissed once in a while when they do it. Ed from Central KY made a very good point about vacations. I wonder how long before the tourism industry complains.
  • by unknown on Jun 11, 2007 at 05:06 PM
    i think this is wonderful but everyone keep prayin that it dont go back up if any thing go down somemore
  • by confused on Jun 11, 2007 at 04:23 PM
    Why does gas prices increase as soon as the price of oil increases,when we wont be using that oil for months. OPRICE GOUGING? Then oil price decreases and gas prices gradually fall,PRICE GOUGING?
  • by wilhemakeit Location: between the sheets on Jun 11, 2007 at 01:03 PM
    Just wait! This is a trick!!! The oil companies are lowering the prices so vacationers will go ahead and make plans for the Forth of July week. Then starting the week before the Forth the oil companies will go with a big jump of 20 cents to 30 cents. They did it last year. If they do what they did for Memorial Day the oil companies will raise the week before the holiday, lower during the holiday weekend and raise again right after the holiday. This way you had to buy before you went and when you returned with empty tanks. They lowered during the weekend to encourage the stay at home group to buy thinking they were getting a bargain. The news media doesn't help any either with their scare broadcasting. "why this is just the beginning of the summer season and prices are the highest ever. What shall we do?" Just watch the news for more entertaining attractions.
  • by Beach Bum Location: Ky. on Jun 11, 2007 at 12:46 PM
    Gas is 2.75 - 2.88 in Myrtle Beach and everybody drives tall trucks and Hummers. So gas guzzlers doesn't make the gas prices higher, the humans do!
  • by Ed Location: Central, Ky on Jun 11, 2007 at 12:33 PM
    Given enoght time and continuation of high gas price averages, tourism will decline so badly, with people not going on vacations, that maybe tourism comissions will put some much needed pressure on government to regulate gas prices.
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