Gasoline price declines to $1.65, seems headed for $1.50 and lower

The AAA Daily Fuel Gauge Report show that the national average retail price for a gallon of regular unleaded gasoline declined to $1.655.

January RBOB unleaded gasoline futures are at $0.7933, indicating that retail prices are headed for $1.39 to $1.44 within a few weeks, about 25 cents below the current price level.

All of this means more cash in the pockets of consumers and less pressure on their budgets as well as the budgets of businesses and governmental entities. It also means more traffic on the roads.

-- Jack Krupansky