Gas prices aren't likely to drop much more this summer

I hope we don't let up and settle for these crumbs they are giving us. There is no real reason for gas to be this high. I hope the President taps into some more reserves before it is all over.  If so, the speculators will have to adjust their numbers.

Motorists can expect gasoline prices to drift slightly lower over the rest of the summer, but most of the declines are over, analysts said, as the average for a gallon of regular in California reached $3.794 and stood at $3.579 nationally.

The price averages are calculated by the Energy Department's Energy Information Administration, which uses a telephone survey of gas stations across the U.S.

California's average price fell 4.5 cents a gallon in the last week, according to the weekly survey. Prices have dropped an average of 46.3 cents a gallon since May 2, the department said.

Nationally, the price rose an average of 0.5 cent to $3.579 a gallon, largely because of continuing problems with refineries in the Midwest, where the average price jumped by 10.1 cents over the last week to $3.595 a gallon. The national average peaked at $3.965 a gallon on May 9.

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