Summer Gas Prices in Your Favor
By: Chris Clackum, NBC
Updated: April 14, 2009
Just in time for vacation travel, there's great news about the price of gasoline.
Experts predict a gallon of it will be a lot cheaper this summer than last.
Demand is down dramatically.
It started when gas prices spiked above $4/gallon last year.
Americans responded by driving less, 100-billion fewer miles in 2008 than 2007.
Now comes the dividend.
People are already more likely to vacation closer to home because of the economic crisis, and will spend less on the gas to get there.
It could even boost the nation's travel industry.
The industry has been battered by a reduction in business travel, but that could turn around if the travel costs keep dropping.
