Some relief at the pump appears to be on the way.
Gas prices have finally dropped after 27 straight days of increases, the Associated Press reports.
“The nationwide average for regular unleaded slipped less than a penny to $3.764 per gallon. That ended a streak of price hikes that began on Feb. 8. Pump prices rose by more than 28 cents per gallon in that period, making gasoline the most expensive ever for this time of year,” according to the AP.
Hawaii’s statewide average Tuesday evening was at $4.37 for regular, according to AAA Hawaii’s Fuel Gauge Report.
But don’t get too excited, the AP story continues:
“The relief at the pump should be temporary. Experts predict that gasoline prices will rise over the next several weeks. The Oil Price Information Service says the nationwide average could peak at $4.25 per gallon in late April, beating the record high of $4.11 per gallon set in July 2008.”
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