Gas prices drop faster than drivers can fill 'er up

Gas prices are falling rapidly. Can Massachusetts drivers keep up?

Mass. gas prices are falling so fast, drivers may be confused about what a "good deal" is these days. In Jamaica Plain, Hatoff's station is currently selling gas for $2.69. Whoa! That's nothing compared to July's $4.09.

Eric Esteves, a gasoline bargain hunter, tells the Boston Globe: "The last time I got gas, it was like $3.39 and that came down from $3.47." Even a bargain hunter like Esteves is unaware of the current price.

The Boston Globe reports the waning demand tied to recession fears has caused the value of crude oil to significantly decrease. Today, crude oil has dropped to a 14-month low of $69.85 a barrel on the New York Mercantile Exchange. This is due to worries about decreased demand and increased U.S. Inventory.

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