Gas Prices Holding Steady at Higher Levels
But in time, the pump prices will come down. Ray Massey, a University of Missouri Extension agricultural economist, says fuel prices will go down because natural resources historically have trended down. He says the recent spike is an anomaly caused more by events like Hurricane Katrina. Missouri economist Ron Plain is predicting that 2006 fuel prices will be lower than 2005 and that 2007 prices will be lower than those of 2006.