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Buck Gas News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Detailed text transcripts for TV channel - KGO - 20110506:10:37:00

months. gasoline futures which helped determine the price at the pump down 23 cents. i m hopeful that in average places, prices will drop as much as 20 cents here in the next seven to ten days. reporter: so why the dramatic drop? it s partly due to sagging demand. americans are already driving less. a strengthening dollar has dragged down oil prices as is poor economic news like higher than expected jobless claims. still, don t expect to get back to two buck gas like we had in 2009 anytime soon. a $3.50 a gallon price will be seen as relatively cheap over the next couple of years. reporter: so far, rural areas have been hit hardest. check out pictures of these gas stations taking in alaska. yeah. that one rings $6.73. a survey just out showed that americans spent about $390 in the month of april alone on gas. for many people that s more than they would spend on their monthly car payments. matt gutman, abc news, miami.

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