Gas Prices Dropping!!! Good News/Bad Omen

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Well, if you’re like most of us, you’ve had a mildly positive surprise at the pumps, lately. I read this, this morning……

Gas Prices Continue to Drive South

Despite increasing tensions overseas, gasoline prices have dropped to their lowest levels since March with U.S. refineries running at a record pace.

Escalating battles between Iraqi forces and an Al Qaeda-inspired terrorist group sent oil prices soaring in June, but early this month, the rally was reversed as concerns over potential supply disruptions eased. Developments in Libya also helped assuage the market’s concerns, as rebels there agreed to reopen two oil ports that ship almost half of the country’s total export capacity.

Drivers are now getting some rare relief at the pump in July, when prices normally swell. According to AAA’s daily fuel gauge, the national average for a gallon of regular gas sits at $3.52, about 16 cents lower than…

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