Gas Prices May Fall As Much As 50 Cents The Next 3 Weeks
10.22.12 |
Autumn gas prices are about to drop faster than fall foliage. With inventories rising and demand waning, the price at the pump could plunge 50 cents a gallon from its' peak average a few weeks ago. Tom Kloza with the Oil Price Information Service says prices will sink 5 to 15 cents a gallon ever week for the next 3 weeks. It could provide a lift for the economy and possibly become a factor in next month's presidential election. Gas prices have remained stubbornly high due to supply shortages and refinery woes. Kloza expects prices to bottom out in the $3.30 range.
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