Gas prices likely to have hit bottom

$4.06 Gas Prices, Lewiston, Maine, Cumberland ...

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After two months of decline, gasoline prices have hit the bottom for this summer and are likely to remain stable or increase slightly, an expert said. After International Energy Agency announced it will release its emergency oil stock to make up for the loss of Libyan oil, some members of Organization of Petroleum Exporting Countries implied they will cut their output to keep the prices up. “I don’t see $4 a gallon as imminent, but it’s certainly possible,” said Patrick DeHaan, senior petroleum analyst for GasBuddy.com. “I don’t see the prices going lower than where we are today.” For more about gas prices, read the full story by clicking here.

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