Gas Prices Down 4 Cents a Gallon

Gas prices continued their slide today, with the average price of a gallon of regular gas at $3.83, down 4 cents from a week ago, according to the Department of Energy.  This price is also down 13 cents from a year ago.

The most expensive gas in the country is on the West Coast, where the average price for a gallon of regular is $4.12.

The least expensive gas is on the Gulf Coast, with the average price for a gallon of regular at $3.69.

Does that mean the price hikes of the last few months are over?

Tom Kloza, Chief Oil Analyst at OPIS, the Oil Price Information Service, said, "I don't think the coast is quite yet clear." He said oil prices may yet move a bit higher as summer driving season kicks in to gear.  He said he does not expect prices to move much higher, however, than the $3.97 high last year.

STOCKS

Meanwhile, European economic blues and worries about continuing growth in the U.S. are affecting global markets again.

The Dow ended the day down 14 points, while oil settled down six cents in New York trading today.

CLOSE

POINT CHANGE

% CHANGE

Dow

13,213.63

-14.68

-0.11%

Nasdaq

3,046.36

-22.84

-0.74%

S&P 500

1,397.91

-5.45

0.39%

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