Transcript for Gas Prices Dropping, Markets on a Roll
Economic news now lots of promising trends job numbers are up gas prices down and the markets on a roll the big question how long can this last. And his Lindsay Janice joins us now -- Lindsay does gas... See More
Economic news now lots of promising trends job numbers are up gas prices down and the markets on a roll the big question how long can this last. And his Lindsay Janice joins us now -- Lindsay does gas prices are bringing real relief to commuters. They are indeed George since the beginning of the year frustrated drivers and watch -- prices skyrocket now though. We're finally seeing some relief check this out in the last week gas prices have dropped five cents from 375. 2370. Now experts believe they could drop by ten to twelve cents more. In the coming weeks the biggest reason of course -- a drop in global crude prices -- is the biggest factor in our price. -- the pop. And Lindsay we've seen the down -- the nearly need to set a new record nearly every day. Last week what are traders expecting now. Well George -- the ones I've been speaking Tuesday at that it will probably see some sort of a short term pullback they said it wouldn't be surprised. Because of the fact that. Because the fact -- -- -- so far but in the long run they say markets and their floral bouquets are going to continue to -- while. A couple of things -- they should watch out for that might threaten the markets trouble. In Europe you've got Italy just haven't been downgraded its credit rating on Friday and of course gridlock in Washington. Markets are counting on congress reaching a budget deal by the end of this month that lets hope happens divert to Ocalan who sure hopes.
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