advertisement
Looking for something on the site? Search for it here! Also see Clark's Greatest Hits

Oct 24, 2005 -- Gasoline prices decline, but natural gas creeps up

Clark has good news coming from the gas pump. The cost of gasoline at wholesale has dropped to $1.58 a gallon. We’re not seeing that at the pumps just yet, but it’s a good sign. In the past two weeks, gas prices at retail have dropped by one of the largest amounts in a two-week period. Prices in some areas of the country may drop below $2 a gallon, for instance. The bad news is that there are a number of reasons why this drop may be temporary. The Europeans shipped us emergency gas when the hurricanes hit, and the President drew from reserves that we don’t normally use. The government also temporarily waived some of the stringent guidelines at the state level. All these things dramatically increased the supply of gas in a short time and caused prices to go down. There is more bad news if you heat your home with natural gas. Prices are going to remain high in that industry. That is one of the reasons why you’re going to have a tough time this winter. But gasoline is going to get cheaper in the foreseeable future.

Unfortunately, Clark won't be able to answer any questions submitted via commenting. If you have a question, please try posting it to our message boards.

Avg. rating: N/A

What others are saying

There are no comments yet. Be the first to post one!

send to a friend  view as printer-friendly  RSS feeds
advertisement
advertisement
THIS WEEK'S POLL
advertisement