***$3.50 Gallon 'By Labor Day'...

Analyst Says Prices Could Go To $3.50 A Gallon By Labor Day CHICAGO (CBS) ― Finally, there's some good news about gas prices. They've dropped nationwide by about a nickel, and as CBS 2's Susan Carlson reports, analysts are predicting even bigger drops through the rest of the summer. For the first time in awhile, drivers can fill up at the pump without a pained expression. "We saw a substantial drop in the price of crude oil, which it appears gas station owners were in a hurry to pass on to consumers," said Phill Flynn, Vice President an Senior Market Analyst at Alaron Trading. AAA reports gas prices in the Chicago area are averaging $4.25 a gallon Wednesday. That's down from $4.27 Tuesday, and $4.33 last Friday. "So often we hear gas prices rise like a rocket and drop like a feather, this time, they're starting to drop like a... [read full story]