Good news about high gas prices

Gas prices are high because crude oil has been selling for upward of $60 a barrel. That price, fortunately, looks as transient as a summer romance.

The going rate has been pushed up in the last couple of years by rising fuel consumption. But Michael Lynch, president of Strategic Energy and Economic Research Inc., says global demand has fallen short of predictions this year. Not only that, but crude oil inventories have been expanding in the U.S., which should help push prices down.