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Oil Prices Fall, but Prices Still High at the Pump |
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Written by Michael Bowen
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Thursday, 05 May 2011 14:43 |
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The price of a barrel of oil may be going down, but consumers are seeing little relief from the lower oil prices at the gasoline pump. The national average for a price of gas today was $3.96, continuing its weeks-long climb, despite a 10 percent drop in the price of a barrel of oil today.
With gas prices so high, sales of fuel sipping, small cars are increasing. Fortunately, this time, unlike the last time gas prices were this high, the Big 3 are prepared. With new vehicles such as the Chevy Volt, Ford Fusion, and Chrysler Sebring coming out of the manufactures in Detroit, whether or not the price of a barrel of oil continues to fall or if it climbs back up again, once the euphoria over the death of Osama bin Laden has passed.
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