First let's celebrate another week of lower gas prices than the week prior as the average in the state of Maine is at $3.92.
A check with Gas Buddy for Bangor area has the lowest at $3.57 and lots of stations at about a dime or so more per gallon.
Average in the country is at $3.71 compared to a month ago when it was $4.53. 82 cents less per gallon. All good.
Another Favorable Prediction
Another prediction is that gas prices will continue to go down in the weeks to come until we get lower than $3 a gallon.
And an even more optimistic prediction from AAA.
This fall the national gas price average could drop to $2.40 per gallon or lower.
What goes up, must come down.
Unless a tropical storm kicks up in the Gulf of Mexico, heaven forbid.
Hurricane season doesn't end until November 30th but the peak of what has been a quiet season this year ends at the end of September.
However, if a storm hits and slows production in the gulf, prices will immediately shoot back up to $5 a gallon.
Ouch. That would hurt the psyche, not to mention the pocketbook.
The refineries right now are working at 100%. They’re maxed out. So if we get a storm…Hold on, because prices are headed up.
Here is hoping with all hope that in the next 2 to 10 weeks the Gulf of Mexico is smooth as glass.