The American Automobile Association suggests that gas prices might return to below $3 per gallon of regular unleaded based on the national average at some point this fall. AAA predicts significant drops in fuel prices at the pump as long as the cost per barrel of oil continues to drop.
“AAA expects the national average price of gas will drop significantly this fall, with a possible return to $3 per gallon,†Catherine L. Rossi, manager, public and government affairs for AAA, told the Philadelphia Business Journal.
But the cost per barrel of oil isn’t the only thing that would affect prices at the pump for consumers. Lower global demand thanks to the weakened economy and a strengthening United States dollar will also contribute to reduced prices – assuming things continue to move at their current pace into the fall.
