RENEE MONTAGNE, Host:
And some news this morning on the price of gas. As the beginning of the summer travel season draws near, something strange is happening at the pumps. NPR's Wendy Kaufman reports.
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WENDY KAUFMAN: Ordinarily, gasoline prices go up this time of year and stay up for the summer. But this is no ordinary year.
MONTAGNE: A few weeks ago, they were telling you - we were going to be paying $4 a gallon, and right now it doesn't look that way.
KAUFMAN: Andrew Delmege, of the American Automobile Association, says the price of crude has fallen rather sharply - largely because of concerns about the European economy.
MONTAGNE: Markets are reacting to the loss in value of the euro compared to the dollar. And as the dollar gains strength, oil prices drop because oil is priced in dollars.
KAUFMAN: Another oil and gas expert, Phil Flynn of the commodities trading firm PFGBest, adds the global economy is not likely to grow as fast as previously forecast, so the demand for oil will be less - and so will be what you pay per gallon.
MONTAGNE: My fearless forecast is that national average could go down below $2.70 - and maybe even lower. So I'm talking about a substantial drop at the pump.
KAUFMAN: Wendy Kaufman, NPR News, Seattle.
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