Contact Us

Could Gas Prices Fall Below $3 This Holiday Season? — Dollars and Sense

gas prices

The chances of gas prices falling below the $3 mark anytime in the near future might seem unlikely, but analysts say that it could come close. Fuel costs, already dropping, are expected to continue to do so for the rest of the year.

Certain parts of the country have recently experienced as much as a 50-cent drop in fuel prices, and they are expected to fall even further. “Definitely gas prices are already falling, and they’re going to continue to fall through the end of the year,” said analyst Ben Brockwell with the Oil Price Information Service. “The U.S. average, which was $3.80 just a few weeks ago, is on track to go to below $3.50 here shortly.”

Concerns over sluggish worldwide economic growth seem to be causing the price drop.  And with this fall in the price of oil, Brockwell says that some of the Midwest and Plains states may even see gas prices drop to below $3 per gallon.

Only time will tell, but with light sweet crude dropping 15 percent (now at $86 per barrel) over the last few weeks, the relief appears to be certain.

[ABC News]

Best of KSEN AM

Recommended For You

Best of the Web

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to using your original account information.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for KSEN AM 1150 quickly by connecting your Facebook account. It's just as secure and no password to remember!

Never Miss the Latest News from KSEN AM 1150.