As Prices Drop Nationally, Gas Could Dip Below $3 a Gallon In North Dakota
An early trick or treat could be coming your way. Gas prices in the nation are dropping and could dip below $3 a gallon, even in California.
According to Yahoo and GasBuddy, there are a large number of gas stations that are currently selling gasoline for less than $3 a gallon and close to 60% of the nation's gas stations could be at $3 a gallon or less by early fall.
A spokesperson says:
Nationally, prices at the pump have fallen by an average of 15 cents per gallon from last month, to an average of $3.29 per gallon. While that's only about 6 cents less than a year ago, John Kilduff the CEO of Again Capital sees prices at the pump falling even further by the holiday season this year.
"I think we have 10-15 cents a gallon working its way through the system right now, over the course of the next week or so-and that could pick up even further," he said.
As reported on GasBuddy.com, the cheapest gas in Bismarck is $3.33 a gallon, but the average is $3.39.
The good news for households that use heating oil to warn their homes, you will be looking at a big savings this winter as fuel prices are expected to be 50-75 cents cheaper this year compared to last winter.