Surprisingly, gas prices dropped prior to Memorial Day weekend and have seemed to defy logic throughout much of the first half of 2011. Luckily, pump prices have dipped below their 2011 peak of $4, down to a nationwide average of approximately $3.80. However, analysts warn that we're not out of the woods just yet.

The consensus seems to be that crude oil prices will decline this summer and it's thought that pump prices will drop over the next several months as well. This price drop should provide some much needed relief to U.S. drivers throughout the summer. Oil Price Information Service energy analyst, Tom Kloza, says that:
It's unusual to see retail gasoline prices dropping during Memorial Day weekend. Most of the $4 gas is going to disappear.
That's swell, but there are likely to be darker days ahead. The Street warns that the drop in pump prices will be temporary. stating:
Compared to what's to come in the summers ahead, according to the trading experts, this summer's gas prices are going to look relatively cheap
Get your cheap gas while it lasts or, better still, buy an alternative fuel vehicle.

[Source: Hybrid Cars]

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