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For once, gas prices down Memorial Day weekend

10:44 AM, May 15, 2010   |    comments
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Tampa, Florida - Bucking a long-standing trend, gas prices will be lower this Memorial Day weekend.  The experts credit lower-than-normal demand, ample oil supply and a strong U.S. dollar.

"The U.S. supply of crude oil right now is so ample, we have more than 362 million barrels of crude oil," said Jessica Brady of AAA Auto Club South.  "And demand, while it is increasing, it's not increasing at such a pace that we're using up our supply."

While official AAA estimates don't come out until next week, Brady estimates gas prices will be around $2.70 to $2.80 per gallon by Memorial Day weekend.

"We probably won't see $3 a gallon like everyone expected," she said.

But prices won't stay this low for long.  Get ready for another gas price spike at the height of the summer travel season, about six to 12 weeks from now.

Janie Porter

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