In honor of Mother's Day and because it was the first piece of genuinely positive economic-related news to occur in some time, I'm pleased to provide the following tidbit to our readers ...
Gas prices expected to drop 50 cents by summer (AP) -- "Some relief from suffocating gas prices will likely arrive just in time for summer vacation. Expect a drop of nearly 50 cents as early as June, analysts say... the national average this past week stopped just shy of $4 a gallon and has retreated to under $3.98. A steady decline is expected to follow... A 50-cent drop in prices would save U.S. drivers about $189 million a day."
~ So barring anything unforeseen, this is quite good news if it turns out to be true. Its hard to state with certainty if supermarkets and other stores will lower their prices as quickly as they've been raising them due to the gas price increases. You have to assume they won't. But on the bright side, at least it won't cost you as much to drive from store to store to find the best value on a gallon of milk.
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