Gas Prices Expected to Drop Below $3.00 a Gallon
Gas prices are continuing to drop across the country, with industry analysts predicting a dip below $3 a gallon soon, the first time in four years.
Both AAA and GasBuddy are predicting lower prices at the pump, with prices expected to fall below $3.00 a gallon. This is due to oil dropping below $60 a barrel, and the downward trend is expected to continue in the coming weeks.
- National average: $3.057 a gallon (down 5 cents)
- One week ago: $3.110 a gallon
- One month ago: $3.186 a gallon
- Last year: $3.203 a gallon
According to AAA, the lower gasoline demand with the end of the summer travel season and cheaper winter-blend gasoline at the pump are driving lower prices at the pump.
Gas prices may soon drop below $3.00 a gallon.
Author's summary: Gas prices are expected to drop below $3.00 a gallon soon.