CAPITAL REGION, N.Y. -- In this economy, everyone loves falling gas prices.
On Friday, Stewart’s Shops around the Capital Region lowered their pump prices across the board by 10 cents. The price of barrel of crude oil is down to under $94 after reaching a high of almost $150 in June.
After months of a wild gasoline market, the convenience store chain says they're seeing a pattern that suggests the speculative gas bubble may have burst.
In this economy, everyone love's falling gas prices. On Friday, Stewart’s Shops around the Capital Region lowered their pump prices across the board by 10 cents.
"We think the bubble has burst and we're watching it carefully, and never say never, but it gives us the opportunity to take a shop like this one at 20 Broadway from $3.73 on Monday, down to $3.49 today,” said Tom Mailey, Stewart’s Spokesman.
Mailey went on to say, that reduction in the price of a gallon of crude oil, is one of the brighter spots in a tough economy and that Stewart's hopes to continue to lower its prices for gas, at all of the stores in the chain.