Gas Prices

By: Katie Schaefer


Gas prices are as low as they have been in months. The price for gas hasn't been under $3 since Feb.


How did prices get so high? Why are they just now starting to drop?


Gas prices were getting so high because the price of crude oil was starting to raise. The amount of crude oil available was also starting to drop.


Still, even with these two factors how can we go from gas being $2.81 a year ago to gas becoming $3.83 the average just a month ago?


Everyone can remember when gas use to be $.99. Crude oil prices kept raising and raising until we got to where we are today. A month ago gas prices were the highest average they have ever been. Just now gas prices are finally starting to drop and become affordable again.


Experts expect that crude oil will once again drop from &74.50 to $50 a barrel, which will bring the prices down below $2.50. Some places, like Indianola, has been fortunate to already have prices below this. Walmart has their gas prices at $2.39.


As prices soared we saw less and less people on the road. Even today as "low" as the prices are, people are still hesitating to take long vacations or fly anywhere. The prices of gas fluxtuate so much that people are still worried about where and how they spend their money.


With prices starting to drop, though, people need to start taking vacations now before they start to rise.