Gas prices could drop

February 7, 2008 2:21:19 PM PST
After paying some of the highest gas prices in years, drivers may finally be in for a break. The federal government says gas supplies are higher than they've been in a decade, but drivers are buying less gas because prices are so high. AAA says that more gas and less demand sets the stage for a drop in price, maybe as much as 50 cents a gallon by the spring.

"I drive over to Pennsylvania everyday to work so between the tolls and the price of gas, it would be great," Dorothy Augusty of Riverton, New Jersey said.

The average cost of a gallon of regular gas in the Trenton area Thurday cost $2.86. This is down two cents from Wednesday and eleven cents from a month ago.

Industry analysts say worries about the slumping economy and housing market combined with the high price of gas have definitely cut into demand.

Darshan Ghuman, the owner of this Sunoco station on Route 130, used to sell 5,000 gallons of gas a day, now he sells 4,000.

Drivers have simply cut back on what they buy.

"I minimize the number of trips I make. I calculate where I'm going and how many stops I have to make," Kathy Marshall of Wyndmoor, Pennsylvania said.