Gasoline prices may be easing

0 Comments | Register-Guard (Eugene, OR), June, 2004

Byline: From Register-Guard and news service reports

WASHINGTON - Gasoline prices, which dipped to less than $2 a gallon for the first time in weeks, ``may be turning a corner'' and should continue declining this summer, though motorists shouldn't expect dramatic decreases at the pump, the Energy Department said Tuesday.

Guy Caruso, administrator of the department's Energy Information Administration, told a Senate committee that retail gas prices fell by about three cents a gallon last week on a national average and that wholesale prices declined by 23 cents a gallon from their peak in mid-May.

These developments ``should result in further reductions in retail prices in coming weeks,'' Caruso told the Senate Energy and Natural Resources Committee....