10 Ways To Save Yourself Money At The Pump
MSN Autos reports:Travel is expected to be back on the rise this summer. Spurred by an upbeat economic outlook and lower-than-expected fuel prices, AAA estimates that more than 32.1 million people will take to the road this Memorial Day weekend, the official start of the U.S. summer driving season. That's more than a 5 percent increase over last year, and the first real uptick since the recession began two years ago.
The drop in fuel prices has caught many experts by surprise. Prices usually rise during this time of year. However, gasoline futures hit a three-month low last week and have plunged 21 percent since the beginning of May. Retail fuel prices typically follow the moves in the futures market.The average per-gallon price of regular gasoline was $2.827 a gallon on Friday, May 21, according to AAA, and has been on the decline for almost a month.
Some analysts believe this means pump prices still have room to fall, which bodes well for anyone planning a road trip. Tancred Lidderdale, a senior economist at the federal Energy Information Administration, recently told The Wall Street Journal that the EIA "expects retail gasoline prices to fall even as Memorial Day approaches... Bimmerfest 2010 Photo Gallery
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