Economy

Survey: Gas Price Dip to Continue

Good supply and demand ratio.

A bit of good news for the United States' currently unstable economy: A survey published sunday found that the average price of gas per-gallon has fallen 17 cents in three weeks and is expected to continue dropping. The Lundberg Survey tracked the average price of regular gas at $3.74 per gallon on Friday—a significant drop from its $4.00 peak on May 6. Survey publisher Trilby Lundberg says the main reason we can expect lower prices at the pump is due to "an oversupply of gasoline at a time when our demand is weakening from unemployment conditions," along with a possible influx of oil from Saudi Arabia. Even without Saudi Arabia's help, the supply and demand ratio is promising.