U.S. motorists will have more to spend at the malls this holiday season as gasoline pump prices drop near $2 a gallon at the end of the year.
Gasoline has reversed a 38% jump in the first half of 2015. Prices, already the cheapest for early September since 2004, will drop another 41 cents by December to about $2.03, the Energy Information Administration said in its monthly Short-Term Energy Outlook. That would be down 17 percent from the $2.437 reported by the agency Monday.
Gasoline over the four-day U.S. Labor Day holiday weekend was almost a $1 cheaper this year compared to last year, the lowest price in more than a decade, translating to a cumulative savings for U.S. motorists of about $1.4 billion, according to GasBuddy.com, which tracks gasoline prices.
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I will believe it when I see it!
ReplyDeleteAll those that claim they cannot afford health insurance will be driving new trucks.
ReplyDeleteAt $1.37 at the wholesale level at the NY Harbor today, it should already be less than $2.00. The retailers continued to bilk us through the end of the summer, and they are still doing it now.
ReplyDeleteAlready below $2.00 in parts of New Jersey and they even pump it for you!
ReplyDeleteJust got home FromCape May N.J. filled up at Wawa. $1.96 gal.
ReplyDeleteso they cant use the excuse that changing over to the winter blend will drive the price higher this year?
ReplyDeleteDon't forget the taxman...
ReplyDeleteGood, now maybe I will be able to afford eggs and milk again, plus a Christmas turkey.
ReplyDeletepromises, promises.
ReplyDeleteWhen have I heard that before? Oh, that's right just before prices went up right before Laboure day.
No, bird flue will keep you from getting that turkey.
ReplyDelete