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U.S. Gas/Petrol Prices To Fall To $2 A Gallon By Fall

gas/petrol prices

As gas/petrol prices fall in the U.S., experts say that some states could drop to under $2.00 a gallon by Fall.

According to ABC News [1]:

According to GasBuddy, average retail gasoline prices in Harrisburg fell 2.5 cents in the past week and averaged $2.75 a gallon on Sunday.

Patrick DeHaan, GasBuddy’s senior petroleum analyst, said prices increased in West Coast states, but have now peaked and are moving lower again.

“With oil nearing $50 a barrel, there’s a very good possibility that by mid-fall, gasoline prices could fall under $2 a gallon in a growing number of states,” DeHaan said.

Sunday’s prices were 86-cents a gallon lower than one year ago and are 6.1 cents a gallon lower than a month ago.

Sources:

[1] http://abc27.com/2015/07/20/gas-expert-predicts-2-a-gallon-by-fall/

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