Updated 06/15/2012 06:44 PM
Gas prices down, but still offer no great relief
Just ahead of the summer, it seems that drivers will receive some relief at the pump. AAA reports that Central New York gas prices have peaked and are now on the way down. But do lower prices actually mean a good deal? As YNN's Erin Clarke tells us, it's all relative.
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CENTRAL NEW YORK -- It costs Stelan Music more than $100 to gas up the truck he drives for work and about 50 bucks to fill his personal car. Pain at the pump that drivers may get relief from soon.
"I think they're still a little too high, but I have noticed that they're going down as of recently," said Music.
According to AAA, the price of gas in Syracuse peaked in mid April at $4.07. Now the price is falling closer to the national average, which as of Friday, is $3.52 for a gallon of regular.
Here in Syracuse, though, the average price of gas is just around $3.60, but let's think about that. Is that actually a good price?
"Relative to what the price of gasoline has been it is a good price," said economist Don Dutkowsky.
Dutkowsky says when you're used to gas prices near four dollars anything lower seems like a deal. Michelle Seitz who runs a transportation business in Massachusetts shares that sentiment, but isn't fooled by the slight drop.
"I think it's a good price for Chicago. The driver that I just dropped off, in Chicago it's $4.25, so yes, it's good, not $4.25, but it's not as good as Jersey at $3.13," said Seitz.
Despite the shifts in gas prices, most drivers won't put the brakes on travel. They'll just make adjustments.
You have to cut back a lot, maybe in your food bill, because fuel it steers all the prices, for the grocery stores to how we commute to work.
But no one will argue, regardless a small or large drop in the price of gasoline, a little extra pocket change is better than none.
The lowest price of gas in Central New York falls right around $3.40 and the high $3.70.