Gas prices down 55 cents by Memorial Day weekend...more for braces!

The word from the government is gas prices could go down as much as 55 cents a gallon by Memorial Day Weekend May 27-30. In Los Angeles and Orange Counties, the average cost of a gallon of gas dropped by about 2.1 to 2.3 cents this week, according to the Automobile Club of Southern California. The drop follows a week where crude oil prices tumbled, which followed a month where oil companies saw record profits and a political backlash against the price of gas that culminated in the five biggest oil companies being called into a senate hearing over a proposal to eliminate $2 billion in tax breaks to the oil companies.