Gas Prices Continue To Fall Heading Into Holiday Weekend
by: Pat Hernandez, May 7, 2012 3:05:00 pm
Gas prices in Houston have been declining steadily and Patrick DeHaan, senior petroleum analyst with GasBuddy.com, says that's good news for motorists planning for Memorial Day festivities:
"Crude oil prices down close to another dollar, to $97 and change per barrel. That means that motorists will likely continue to see gas prices falling at least for the next week or two. It's certainly looking a lot better for Memorial Day weekend that it would have about a month or two ago."
As far as gasoline prices for the holiday:
"I think by Memorial Day, prices across Houston may drop another 5 to 15 ¢ a gallon. That would put Houston's average anywhere from $3.50 to about $3.65 a gallon."
Prices in Houston are more than 17¢ lower than a month ago, and over 15¢ less than this time last year.