On Air Now

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 590 AM Kalamazoo, MI

Weather

Current Conditions(Kalamazoo,MI 49001)

More Weather »
68° Feels Like: 68°
Wind: WSW 3 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

AM Thunderstorms 81°

Tonight

Clear 61°

Tomorrow

Sunny 82°

Alerts

Conflicting Opinions on Gas Prices

by

UNDATED  (WKZO) -- Have we seen the peak in gas prices for this year?

GasBuddy-dot-com’s Patrick DeHaan thinks so, after crude oil prices plummeted ten dollars Thursday in the commodity markets.  

But analyst Peter Beutel thinks there is only a 20 to 25% chance that prices have peaked - that this might just be a blip.   He believes there is no way of telling how fast the prices paid at the pump will come down.  

DeHaan thinks west Michigan could see prices slip below $4 a gallon before Memorial Day, closer to the national average which is also below $4.

Just how far it falls and whether it will go back up could depend on whether or not that drop in the commodities market was a blip.

Unrest in Libya, gas supplies in the U.S. are low, the global economy continues to recover and global demand continues to rise...all factors that aren’t favorable for generating lower prices.

Comments