Gas prices expected to drop this fall

Main News
1280x720_80703P00-OHZBQ_1535746395989.jpg

(KVEO) – Waiting a bit later in the fall to take a road trip, could save you some cash.

That’s because gas prices are expected to drop this fall. 

Experts forecast that the price at the pump will decrease by more than a quarter per gallon.

The American Automobile Association (AAA) says pump prices nationally will drop to about $2.70 per gallon on average.

But, AAA is watching for changes that could potentially impact its prediction.

“The biggest threat that could change that would be a hurricane. We haven’t seen really an large activity in the Gulf Coast, that could change. Last year at this time, Harvey was wreaking havoc and prices were going up then.”  Says Jeanette Casellano, a AAA spokesperson. 

Part of the anticipated decrease includes the switchover to winter-blend gasoline. 

Crude oil prices are stable, and demand is lower after labor day.

The month of May saw this year’s highest gas prices when the national average topped $2.97 per gallon. 

Copyright 2019 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

KRBC News