Gasoline Prices Could Dip To $3
According to the AAA Fuel Gauge Report, the national average stands at $3.45 today. It fell 2 cents overnight and dropped a dramatic 47 cents from this year's high in April. The decrease is a sharp contrast to the $5-per-gallon fears expressed by many in early spring. With crude oil at its lowest price per barrel since October 2011 and slumping wholesale gasoline contracts for fall delivery, "the market is suggesting gas below $3 by Halloween and certainly by Thanksgiving," explained Tom Kloza with the Oil Price Information Service.