Homepage / News
E-Mail News Alerts
Get breaking news and daily headlines.
Browse all e-mail newsletters
Related To Story

Residents Rejoice At Lower Pump Prices

Can Lower Prices Last Longer Than Just This Winter?

POSTED: 4:30 pm EST November 10, 2008
UPDATED: 7:13 pm EST November 10, 2008

While local prices at the pump continue to slide, bringing much jubilation to long and short distance commuters alike, many people are not keeping their hopes up that the relief is permanent.

“I was getting to where I was only putting in half a tank at a time,” said Saginaw resident Paula Dasuqui. “But now, I can get a full tank of gas.”

Dasuqui wears a smile when she fills her Oldsmobile Bravada with her gas discount card at $1.88 per gallon.

Michigan AAA said gas prices have fallen 19 cents over the past week alone.

“It's just strange that it drops out for no reason,” said Nathan Brady, another Saginaw resident. “I mean, they went up quickly before -- who knows if they could again.”

Meanwhile, some economists said the drop at the pump is a result of America’s financial struggles.

Oil prices decline when the U.S. gasoline demand decreases.

And with the global economic cool down and more supply coming online in the years ahead thanks to Brazil’s discovery of 50 to 90 billion barrels of oil off its eastern coast, prices at the pump should remain relatively low for the foreseeable future.

Sponsored Links

Links We Like
Sponsored Content
Find out which triggers are under your control. The answers could prevent migraines, and keep you off the sidelines. More

Staging is vitally important when selling your home. These helpful hints will turn your problem rooms into buyer bait. More

Don’t ruin your chances of landing that new job by making easy to correct mistakes on your cover letter. More

Now more than ever, job security is priority number one with most job seekers. Here are 10 jobs with great job security that employers are actually struggling to fill. More

Consumer Info


Sponsored Content Provided by ARA