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, lower prices at the pump are expected due to a drop in oil prices, below $60 a barrel, and a decrease in gasoline demand with the end of the summer travel season.
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.
AAA attributes the price drop to lower gasoline demand and cheaper winter-blend gasoline.
Gas prices continue to drop across the country with industry analysts predicting a dip below $3 a gallon soon.
- National average: $3.057 a gallon
- One week ago: $3.110 a gallon
- One month ago: $3.186 a gallon
- Last year: $3.203 a gallon
Author's summary: Gas prices may drop below $3.00 soon.