After dropping for most of the month, gas prices are now lower in much of the U.S. than they were a year ago, possibly part of a larger decline in that could lift consumer confidence ahead of the summer driving season.
With security concerns in the Middle East receding and the commodities bubble deflating, oil prices are headed sharply lower. Gas prices should follow suit: The analysts say they will get 25 cents a gallon cheaper in the next few days, and drop even further as the summer rolls on.
Given the prospect of $4-plus gasoline this summer, what's an American to do? Beyond switching to a higher-MPG vehicle, you can consider buying some oil stocks with plenty of upside potential to help offset your pain at the pump. Here are five candidates.
Gasoline prices, which almost always rise during the summer driving season, could fall substantially this year, thanks to the European debt crisis, which has propelled a 20% plunge in crude oil prices in recent weeks.