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Feb 15, 2006 -- Car and home gas prices are dropping!
Prices are dropping at the pumps to below the $2 mark! In fact, were in better shape than we were in spring of last year. So, what are the costs? The cost of gasoline at wholesale is $1.54 a gallon. But you must add in taxes and dealer mark-ups to get the actual price at the pump. So, what about natural gas prices? Roughly 51 percent of American homes use natural gas. At wholesale, natural gas peaked at about $1.50 per therm. These days its moving into the 60 cent range. There is a massive supply right now, so youre going to pay less to heat your home as well. Long-term is a different story, but for now it's good news.
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