Are You Ready For $2 A Gallon In Time For Christmas?

Drivers are paying nearly 70 cents less for gas than they were a year ago, and the price at the pump is expected to begin dropping again this fall.

Prices could tumble close to $2 per gallon by the New Year, analysts said.

Patrick DeHaan, a senior petroleum analyst at GasBuddy.com, points to possible easing of sanctions against Iran under a proposed nuclear deal and a slowing Chinese economy for growing global oil supplies.

In Iowa, that could lead to gas prices inching closer to $2 by Halloween, with the statewide average under $2 a gallon by 2016, he said.

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MDarringer - 7/31/2015 3:55:57 PM

-2 Boost

Still sky high in California.

TomM - 7/31/2015 6:05:05 PM

0 Boost

The problem is - a number of other staples have risen quite a bit - including Beef and Eggs - naming just two alone. While we are saving at the Pump -for the price of gas - eating has taken up the money.

And cheap gas means bigger trucks and cars are selling well - which will eventually cause an increase in gas prices due to increased demand.

MDarringer - 7/31/2015 7:01:55 PM

-5 Boost

I'm ok with 10mpg cars. If that is what you want to drive then drive it and never complain about the MPG, I say.

Solution: build Keystone.

skytop - 8/1/2015 4:32:22 AM

-2 Boost

I am ready for $1.50 gas/gallon. Real ready!

MBguy - 8/2/2015 1:57:25 PM

-1 Boost

@TomM "Beef and eggs?" Bad idea. They shouldn't be eaten - at any price. There are far better alternatives. (And no, you don't have to become Vegan).