I just read where the price of a barrel of crude oil has dropped YET AGAIN! Actually plummet is a better word. On Tuesday Benchmark crude oil fell $2.31, or 3 percent, to settle at $75.94 on the New York Mercantile Exchange. Gasoline and other energy prices also retreated as consumer confidence in the economic recovery set off concerns about gasoline demand for the busy summer season.
On the plus side, falling oil prices could lead to a discount at the pump for drivers before the July 4th holiday weekend, said PFGBest analyst Phil Flynn.
So how long do you think that it will take for the prices at lake shore pumps to reflect this latest price drop and go down, or, will they go UP like last time?