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Where Are Gas Prices Heading?

Gas Prices

When gas prices hit a national average of $3.92 a gallon in April of this year, most people expected a painful summer driving season of ever-increasing prices. Charting the prices showed nothing but a steady climb since January. And didn’t it always seem like gas prices jumped just in time for our summer road trips?

But then a funny thing happened: Over the following two months, gas prices dropped nearly as steadily as they had risen, to a national average of $3.37 a gallon. Drivers rejoiced, overall MPG of cars sold dropped, and the summer driving picture started to look quite rosy.