Gasoline wrapped up the day down another whopping 7-cents! This is the lowest price we’ve seen in months, and should be enough to warrant prices down to 2.60s, PENDING tomorrow’s DOE report. This could be a great week for huge losses in gasoline prices- if the DOE report tomorrow is good, look for the market to shed another 3-8 cents! If its bad, look for buying to the tune of a 3-5 cent uptick.
Of course, we can’t get the prices to come down at the pump, but if they did, we would be sitting at about 2.85 today.
Look for prices to continue to moderate, pending hurricane activity in the Atlantic.
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