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Cars Blog

Energy prices tumble, gasoline leads the way

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June 19, 2009 3:38 pm
By Peter C. T. Elsworth

NEW YORK -- Gasoline markets exhibited the first signs that an extended rally in pump prices is nearing an end after 52 straight days on the rise, according to The Associated Press.

Gasoline futures started falling midweek after a government report showed a huge surplus. Already, wholesale gasoline prices in key markets like the Gulf Coast and Chicago had begun to fade. Should prices continue to fall on the New York Mercantile Exchange, cheaper gas may be on the way for motorists.


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