image description

Reports Of Drop In Gas Prices

April 12th, 2012 by WCBC Radio

WBAL reports pump prices are going down and at least one analyst sees the average per gallon continuing the trend going into the summer driving season. The average for regular around Cumberland- including Sheetz and Martins- was $3.98. Patrick DeHaan of said the recent lackluster report on job growth in the U.S. is likely the most important factor in the drop. The other reason is that oil inventories are up. DeHaan said he expects the average per gallon price will fall 3 cents to 6 cents in the next week alone. He dismissed the worry over gas prices climbing above $5 for regular…

Leave a Reply

View Mobile Site