Petro Patrol

The price of regular gas in Bed-Stuy has fallen again-- 4 cents to $3.99 as of June 2, 2011, down from $4.03 six days earlier.

The current price is a 24-cent drop from $4.23, when it peaked on May 8, 2011.

However, not only was this drop predicted last month, experts are saying that it will continue to drop through June and likely will rebound in July.

It seems to be a rollercoaster ride. According to the U.S. Energy Information Administration, the forecast regular-grade motor gasoline retail price will average $3.81 per gallon during this summer's driving season (from April 1 through September 30), up from $2.76 per gallon last summer, but 5 cents per gallon lower than last month's Outlook.  

The forecast U.S. monthly average regular gasoline price during the summer will peak in June at $3.88 per gallon.  Prices of futures and options contracts for wholesale gasoline  suggest a 41-percent probability that the national monthly average retail price for regular gasoline could exceed $4.00 per gallon during July 2011.