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Gas to Fall Below $3 a Gallon? Gas to Fall Below $3 a Gallon?

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Energy

Gas to Fall Below $3 a Gallon?

Gas prices, thanks to diminished demand, are dropping close to the $3-a-gallon threshold.(CAMERON SPENCER/Getty Images)

photo of Alex Brown
October 25, 2013

In some areas around Houston, Fuel Fix reports, gasoline has already dropped below the $3-a-gallon threshold. And that number could keep falling.

Lowered demand for gasoline couple with abundant supply means prices will likely continue to fall as colder weather limits extensive trips. Nationally, a gallon of gas averages $3.33, 30 cents cheaper than a year ago. That number could drop to $3.20 shortly, some analysts say.

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