Gas Prices Expected to Drop Below $3.00 a Gallon
Analysts predict that gas prices will soon drop below $3.00 a gallon, a first in four years.
According to AAA and GasBuddy, prices are expected to fall due to lower gasoline demand and cheaper winter-blend gasoline.
The national average has dropped more than 5 cents to $3.057 a gallon, down from $3.110 a week ago and $3.186 a month ago.
Last year at this time, the average was $3.203 a gallon.
Oil prices have dropped below $60 a barrel, contributing to the downward trend in gas prices.
- National average: $3.057 a gallon
- Week ago: $3.110 a gallon
- Month ago: $3.186 a gallon
- Last year: $3.203 a gallon
AAA attributes the price drop to lower gasoline demand after the summer travel season and the introduction of cheaper winter-blend gasoline.
Author's summary: Gas prices are predicted to drop below $3.00 a gallon soon.