Gasoline prices have stabilized, even started coming down. But the American Automobile Association is telling drivers to budget for $4.00 a gallon gasoline by summer!
After a winter in which gasoline prices took off, Triple-A fuel analyst Don Redman says things appear to be back to normal.
"We're starting to see prices settle down, come back to Earth, in reality, in terms of demand and supply," Redman said. "We've seen the price of crude down around $90 a barrel...and we're also seeing the price of wholesale gasoline back down to right around $3 a gallon."
Here in New Orleans, prices average $3.56 a gallon today. That's down about a nickel compared to last Friday.
Redman says no one's sure why gasoline prices shot up as much as they did during a time of year when gas price are usually stable. He says the question now is to see how much prices move in the spring, usually a time for increasing auto fuel costs.
"We're concerned that we may, by April or May, see another run-up in prices," said Redman.