Gas Buddy
Here's a link to Gas Buddy to help North American readers find the cheapest gas in their neighborhood. Gas prices are changing twice a day around here. The Exxon on the corner was getting $3.10 last night and was some of the cheapest around.
Gas Prices Drop Seven Cents
CAMARILLO, Calif., June 11, 2007(CBS/AP) The national average price for gasoline dropped seven cents in the last three weeks, according to a market survey. It's the first decline since January.Trilby Lundberg, industry analyst and publisher of The Lundberg Survey, told CBS News that the "wonderful news is that, although prices gained a whole dollar this year, they're down seven cents because imports of gasoline are coming in to rebalance supply and demand."
The U.S. average for self-serve, regular-grade gasoline was $3.11 per gallon as of Wednesday. That's down from $3.18 in the last national survey May 18th.
Lundberg says the modest relief came thanks to a boost in imports of gasoline from foreign producers lured by record-high prices.
Lundberg, however, says the latest numbers don't portend any dramatic price drops. Despite the recent sag, prices still are up 93 cents since the start of 2007.
"Our refining capacity is still coming back from four months of terrific work projects and accidents, and imported gallons are making up the difference," Lundberg said. "That isn't going to change overnight, so we'll probably see a few more cents at the pump here and there over several weeks, but not 93 more cents worth."