We started this year with the highest gas prices ever for the month of January, and it looked like we only had one way to go - up! And that's what happened month after month.
But then, summer came around and prices did the exact opposite; they started coming down.
The price of gas is lower than it's been for months, but drivers aren't taking it for granted.
"Usually, we see gas prices start to go up a little bit before July 4th. And sometimes, we see a pretty significant spike. And what we've seen is almost a $.50 drop," says Charles Langley, of Utility Consumers’ Action Network.
A drop because people aren't filling up like they used to. Lifestyles may be changing and drivers are cutting back.
"On the one hand, it's good news because gas prices are going down, on the other hand, it does suggest an anemic economic recovery where people just aren't spending on gas," says Langley.
Not only does a lack of demand impact the price at the pump, but there's something else that could be keeping prices down - politics.
"And typically, in an election year we see prices go down. For whatever reason, prices almost always go down in a presidential election. And so we can probably expect to see lower prices for a few more months," says Langley.
But, it's important to keep in mind, our supply of fuel is still low and a problem at a major oil refinery or a threat to the oil supply overseas and all this could change overnight, sending the price at the pump skyrocketing once again.
(Information courtesy NBC News)
