Gulf Oil CEO: Gas Should Be Down To $3.50/Gallon By July 4

Gulf Oil CEO: Gas Should Be Down To $3.50/Gallon By July 4

The average price for a gallon of gasoline in the U.S. has been hovering just below the $4 mark for quite some time, with the average now at around $3.80 per gallon. But earlier today, the CEO of Gulf Oil said he expects that price to dip down at least another $.30 by the time we’re setting off fireworks and painting our faces red white and blue for the Fourth of July. [More]