Consumers are getting a much-needed break this fall when it comes to energy costs. Thanks to increased domestic oil production and reduced demand, gasoline prices are trending lower in the past few weeks. Analysts expect the trend to continue.
Sometime in November, gas stations in nearly 30 states will be selling gas for less than $3 a gallon, the first time that has happened since the fall of 2010.
“The percentage of gas stations with gas below $3 per gallon in the U.S. is 2.62%, and it will jump to about 20% during November and December,” according to Tom Kloza, chief oil analyst for GasBuddy.com.
According to Kloza, gasoline prices will continue falling the next few months.
Here’s to lower energy prices for consumers!!!