Get it while it’s hot - gas prices are going down. Sorta.
Passed by the Kroger at Crosstown in Tupelo this morning, and regular unleaded had dropped from $3.52 to $3.47 a gallon.
Not a lot in the big scheme of things, but when’s the last time gas prices actually fell?
It’s likely not going to last for long, however. Experts are still talking about $4 gas, and possibly $5 or $6 gas by the end of the year.
Enjoy it while you can, and fill ‘er up!
Oh, by the way, here are the latest oil company earnings reports:
- BP posted first-quarter net profit of $7.6 billion, a 63 percent increase over last year’s first-quarter results. Revenue increased 44 percent to $89.2 billion.
- Royal Dutch Shell’s 1Q earnings rose 25 percent to $9.08 billion, on a 55 percent increase in revenue to $114 billion.
- Last week, ConocoPhillips reported earnings of $4.14 billion
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