Gas prices were $1.95 when Obama took office. $3.62 today. High is the new normal, no relief in sight via @CNN http://cnnmon.ie/LfAqxM
1:05 PM - 30 May 12 via web · Details
Summer gas prices - as good as they'll get
By Chris Isidore @CNNMoney May 29, 2012: 9:39 AM ET
The average price of a gallon of regular gas has fallen steadily since early April.
NEW YORK (CNNMoney) -- As the summer driving season gets underway, most Americans are enjoying lower gas prices than they might have expected when the spring began.
But prices, while well off their 2012 peak set in early April, are still higher than they've been at the start of most summers.
The current national average of $3.636 for a gallon of unleaded is down about 15 cents from a year ago and 30 cents from this year's peak, according to readings from AAA. But it's still the third-highest price on record for a Memorial Day weekend, behind only 2011 and 2008.
And experts say that despite oil futures recently falling to below $90 a barrel for the first time since November recently, the steady slide in gas prices might not extend much further.
