"Gas Prices Expected to Drop to $3.25 by Halloween"

Oil prices have experienced a dramatic reversal, plunging to a five-week low as US crude dropped by 5.6% to $84.22 a barrel, marking the biggest one-day decline in a year. Gas prices are already starting to retreat, and experts predict sharper drops to come. The national average for regular gas is expected to dip to nearly $3.50 a gallon, with some experts predicting it could fall as low as $3.25 a gallon by Halloween. The drop in oil and gasoline prices is expected to help convince the Federal Reserve to keep interest rates steady at its next meeting. However, there is a risk that more aggressive supply cuts or disruptions could cause prices to rise again in the future.