Gas Prices Drop to $3.00/Gallon

Posted by admin on October 30, 2008 under Auto News | Be the First to Comment

Lowest prices in a year

The national average for a gallon of gas is now $2.92 according to new reports, and prices could be primed for even bigger declines.

Despite OPEC cuts, the price of oil continues to trend downward. And, if the US remains mired in a recession for an extended period of time, oil prices could drop below $40.00 per barrel according to some analysts. (AP)