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Fall Gas Prices Predicted to Fall

KSAL StaffAugust 25, 2019

Experts are predicting relief at the pump this fall.

A new forecast by the American Automobile Association says prices may drop as much as 25-cents per gallon this autumn.

National gas prices are expected to fall after Labor Day because of a decrease in demand, and because of a shift in September to cheaper-to-produce winter-blend gas.

According to AAA the national gas price average, which is already 15-cents cheaper than just five weeks ago, is poised to continue pushing less expensive due to several factors, including less expensive crude oil prices, the drop-off in gasoline demand after Labor Day and the move to winter-blend gasoline. AAA forecasts the national average to drop to $2.40 or lower this fall.

Experts warn the optimistic outlook depends on hurricane activity, which is expected to be above normal this season.

 

Copyright © Meridian Media, 2022. All Rights Reserved. No part of this story may be reproduced without Meridian Media’s express consent.

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