Average gas prices in the United States are likely to fall as low as $2.25 per gallon, the U.S. Energy Information Administration said today. “Reductions already seen in spot and futures markets could imply a further decrease in the U.S. average retail price of as much as 25 cents (to around $2.25 per gallon), if those wholesale markets don’t turn upward in the interim,” the EIA said in its weekly review of the oil market. The national price for regular gasoline has already declined 54 cents over the last six weeks.
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