All Is Well; Good Times Are Here Again

The price of gas is down four cents after remaining at $3.59 a gallon here in Springfield for weeks.

The Associated Press and some scribe at the St. Louis Post-Dispatch are thrilled with the happy days ahead:

The worst appears to be over. Gasoline prices are going down.

After a four-month surge pushed gasoline to nearly $4 per gallon in early April, drivers, politicians and economists worried that prices might soar past all-time highs, denting wallets, angering voters and dragging down an economy that is struggling to grow.

Instead, pump prices have dropped 6 cents over two weeks to a national average on Friday of $3.88. Experts say gasoline could fall another nickel or more next week.

Drivers might also get to say something they haven’t since October 2009 _ they’re paying less at the pump than they did a year ago.

“It’s nice, much more manageable,” said Mark Timko, who paid less than $4 per gallon Wednesday in the Chicago suburb of Burr Ridge, Ill., for the first time since March. “I wasn’t sure how high they were going to go this year.”

On the other hand, gas prices are still over $3.50 a gallon (locally), which is about double what they were four years ago. Someone who says that $3.99 a gallon is more manageable than $4.05 a gallon is either not very smart or wants to see his name in the paper.