Gas prices could reach $3 a gallon this summer

Gas prices dropped a little in over the past week, but don’t get used to them.

The average retail price for a gallon of gas dropped 8 cents in the past week to $2.77 by Sunday.

Even with the drop, prices were still 50 cents higher yesterday than they were a year ago.

Analyst Patrick DeHaan says the drop we see at the pump is temporary, at best.

He cites the U.S. withdrawing from the Iran nuclear deal, plus dropping oil supplies as U.S. exports passed Venezuela, as reason to expect a national average of $3 a gallon by summer.