Meltdown 101: Have gas prices peaked for summer? - The Associated Press

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By MARK WILLIAMS – 2 days ago After running up every day for nearly two straight months, gasoline prices have fallen this week — as they typically do a little before or after the Fourth of July holiday.

With the economy weak, analysts say prices should remain stable for the rest of the summer, barring a major hurricane, geopolitical events, a collapse in the dollar or some other development that could push oil prices higher.


Here are some questions and answers about what to watch for with gas prices in the coming months.


Q: Are we sure prices at the pump are done going up? A: Since gas prices peaked at $2.693 a gallon on Sunday — after going up for 54 straight days — they have fallen 3.5 cents to $2.658 a gallon on Friday, according to auto club AAA.



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