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Gas prices falling

By Judy Reed

Drivers are finding a bit of relief from rising gas prices, although it may not be long-lived. According to grandrapidsgasprices.com, the average retail price in the Grand Rapids area fell 13.2 cents per gallon as of Monday, averaging $3.49 per gallon.
By press time Wednesday, prices in Cedar Springs had fallen to $3.43 per gallon.
But even with the bit of relief, prices were still 60-plus cents higher than this time last year, and 46 cents lower than a month ago.
Patrick DeHaan, senior petroleum expert at gasbuddy.com, said that the prices could continue to drop for a week or two before settling. “A number of factors is working to push prices down,” he explained, “rising inventories, Saudi Arabia saying they’ll pump more oil, a stronger dollar, economic concerns, and most recently, release of emergency stockpiles.”
Visit grandrapidsgasprices.com to see the price of gas around the area.

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