Gas prices dipped as low as $1.80 in Missouri today. This comes after prices of $2.05 in Iowa drew headlines just two weeks earlier. Days later, analyst Philip K. Verleger predicted prices could fall as low as $1.15. Verleger was the lone analyst two years ago who predicted oil prices would soar to record levels in the ensuing months. The U.S. Energy Information Administration has already stated it thinks national gas prices will fall to $2.25 a gallon. Weeks ago, the consensus among analysts was prices would fall to “around $2” by Thanksgiving.
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