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Updated: 8:53 PM Jul 26, 2008
Some Relief At The Pump
After months of soaring gas prices, finally some relief. The national average for a gallon of gasoline has dropped below four dollars a gallon and is well below that in parts of Eastern Kentucky. Posted: 7:11 PM Jul 26, 2008Reporter: Dara Rees Email Address: dara.rees@wymtnews.com |
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After months of soaring gas prices, finally some relief. The national average for a gallon of gasoline has dropped below four dollars a gallon and is well below that in parts of Eastern Kentucky. Not everyone is optimistic prices will stay low.
Though gas prices have dropped about 11 cents from last week's record high, people are still looking everywhere they can to save a few cents.
Dan Clarke is on his was home to Ontario Canada and though gas prices are cheaper in the states, he's still looking to save anywhere he can.
"We always look to see where we can get it the cheapest. We're just heading back off holiday so, it was a couple cents cheaper here than some of the other gas stations," Clarke said.
Brad Campbell rented a car for his vacation, hoping to save money on his trip.
"We rented a car because we thought it would be cheaper on gas than to take our van. It's only $15 a day to rent a car, and this thing gets 30 some miles to the gallon," Campbell said.
Elaine Woods called her husband to compare gas prices along her trip home.
"I did stop here as soon as I saw the price of gas because I don't know what it's going to be in Tennessee so I'm not allowing myself to get completely empty," Woods said.
Experts say one of the reasons prices are actually dropping now is the simply law of supply and demand.
Though the prices are lower now, most people fear prices will not stay low for long.
"They're too high, but are they going to go higher, probably. We haven't seen the end of it yet," Clarke said.
"I don't know, I think it's a teaser. I think they're just playing with us and they'll try to push it back up again, but we'll see," Campbell said.
The lowest prices we found were in Middlesboro at just under $3.60 per gallon.
Todd Meade says there are so many factors that contribute to the fluctuating gas prices it's hard to know where they will go next.
Latest Comments
ok you proved you could take a little less lets get it back to where it needs to be to get the ecomomy going again
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AH, WE AINT STUPID. THE GAS IS EXPECTED TO GO UP TO $5.00 AND NOT COME DOWN. JUST WAIT AND SEE. THEY ARE MAKING PEOPLE FEEL LIKE THEY ARE GIVING US A BREAK BUT THEY AINT DOING NOTHING BUT GETTING RICH RICHER AND POOR POORER. RIGHT.
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NOW I CAN EAT LUNCH BUT ONLY ON THE DOLLAR MENU...
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