Pain At The Pump May Ease Soon

By: Channel 6 News Email
By: Channel 6 News Email

Oil analysts are now predicting an end to the recent streak of rising gas prices.

On Sunday, the price of a gallon rose for the 54th consecutive day to a national average of $2.69.

But gasoline stockpiles have grown at a faster rate than expected and wholesale prices are already starting to drop.

Oil analysts say that should trickle down to consumers shortly.

Typically, gas prices in the U.S. top off around the 4th of July and then decline about 10% through the rest of the summer.

The national average peaked last July at $4.11 per gallon.

Prices bottomed out a $1.61 on New Year's Eve.

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