Marketplace has a new podcast for kids, "Million Bazillion!" EPISODE OUT NOW

Gas prices seem to be falling (for now)

Conrad Wilson May 16, 2014
HTML EMBED:
COPY

Gas prices seem to be falling (for now)

Conrad Wilson May 16, 2014
HTML EMBED:
COPY

After a steady rise since February, gas prices are leveling off, and even dropping in parts of the country. But the relief is only temporary.

Still, it should come as no surprise. Why? Because this is pretty much how gas prices play out every year.

Typically, gas prices typically bottom out in January. By spring, refineries start to go offline for maintenance — so prices tend to increase.

Gas prices drop again before the summer driving season (where we are right now), only to go back up yet again during the summer.

AAA’s Michael Green says the boom in domestic oil production is also playing a factor.

“Prices aren’t as volatile than they were in the past,” Green says.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.