Breitling Oil and Gas Texas and California Morning Podcast #406

Let’s talk gasoline prices.  After plummeting to their lowest levels in nearly three years, gasoline prices may be close to hitting a 2013 low. But that’s probably about as low as they’ll go this year, experts say.

Nationally, the average price for gasoline has inched up to $3.20 a gallon after bottoming at about $3.17 earlier last week.

Pump prices had fallen 10 straight weeks, and by mid-October, prices averaged $3.47 a gallon. Slumping crude oil prices, a decline in seasonal demand and rising crude oil and gasoline inventories pushed prices down nearly 9% in the past month.

Gas prices typically bottom in December, so we may see a bit more savings but I think that is doubtful

 

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