Gas Back Under $4: Is the Worst Over?

The national average price for a gallon of gasoline is at $3.96. That’s a 12-cent drop in two weeks. The fall of the price of gas is almost as sharp as its rise was pre-Fourth of July, and it’s the first sub-$4 price since June 6. The price drop comes five weeks before Labor Day weekend, the last major summer driving holiday.

We’d expect to see prices go up a few cents for Labor Day travel, but otherwise it looks like the usual summer price drop-off has arrived. The big question is: Where does it plateau? Will $3.75 a gallon in the fall be a relief for anyone?

Oil rises above $125, gasoline falls to $3.958 average (USAToday)