Gasoline prices expected to plummet as oil prices continue to drop
Originally Published 2 years ago — by Reuters
Gasoline prices in the US are expected to drop to $3 a gallon in the coming weeks due to a decline in crude oil futures and weakening demand. This decrease in prices could benefit consumers and help cool inflation, but it may also indicate economic weakness. The drop in gasoline prices is attributed to a combination of factors, including economic fears, eroding demand, and an increase in gasoline stocks. The decline in prices comes after a previous 7.4% jump in the third quarter.