Gas Prices Fall But Are Expected to Rise

    February 21, 2005

Gas prices in the U.S. have fallen over the past two weeks, but are expected to rise again before too long.

People are expected to drive more soon with the changing season, and oil prices are expected to rise.

According to a Reuters article, “The national average for self-serve regular unleaded gas was $1.9047 a gallon on Feb. 18, down about 0.52 cents per gallon from Feb. 4, according to the nationwide Lundberg survey of about 6,000 gas stations.”

“This very slight decline (in gas prices) does not portend continued drops unless crude oil prices fall significantly,” Trilby Lundberg, the editor of the survey said. “It’s more likely that gasoline prices will, sometime soon, resume rising to catch up with crude oil.”

“If crude oil prices don’t drop, it’s likely we’ll see pump prices rise,” she continued.

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