Experts: Gas Prices Have Peaked For Year, Less Pain At Pump In -

Experts: Gas Prices Have Peaked For Year, Less Pain At Pump In Store For Summer

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Just in time for spring and summer travel season, industry experts are delivering some good news for drivers:  gas prices have already hit their high for the year.  According to some fuel forecasters, the cost to fill up may have peaked nationwide in February, mean that $4.00 a gallon prediction will likely not come true this year.  "It's about time it goes down," says driver Emma Windsor.  The college student says she stays on a tight budget just to have enough money to get to and from work.  "Every 10 cents makes a big difference."

AAA reports the average price of a gallon of gas in South Carolina is $3.44, 27 cents cheaper than Easter of 2012.  That means more people have been coming into the travel center on Pleasantburg Drive in Greenville, inquiring about traveling this spring and summer.  Managers say booked trips are up 10% over this time last year.  "Since gas prices are so low right now, people are able to go on vacation, and they can afford to do so," says agent Anitra Lively.

Furman economist Tom Smythe, while optimistic, still says it's not time to jump for joy over the low prices just yet.  "The gas market is so volatile," he says.  "But certainly right now it will put more money in people's pockets.  Not thinking it's going to go to $4 a gallon will help people say ok, now I have some money to do other things."

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