Experts find out how much cheaper gasoline will fall this fall

In the autumn of this year, drivers can breathe a little, as experts predict a significant reduction in gasoline prices compared to the current level.

Фото: Depositphotos

In the coming months, the national average will drop to $2,70 per gallon (3,78 liters), 14 cents below the current average price and more than 25 cents below this year's recorded high of $2,97, according to AAA. installed in May.

“Cheaper gasoline and relatively stable crude oil prices in August, coupled with an expected decline in demand, mean consumers will be able to save money when filling up their car tank this fall,” AAA spokeswoman Jeanette Casselano said in a statement.

The average price of gasoline across the country was about $ 2,84.

As the summer ends, prices tend to decline. However, the cost of gasoline depends on a number of external factors, including oil prices, geopolitical tensions, and “just the threat of a hurricane,” Cassellano added. In addition, OPEC activities and the ongoing collapse of the Venezuelan economy may also affect prices.

The overall trend in 2018 was associated with a rise in gasoline prices on an annualized basis. The national average this year increased by 41 cents compared to 2017 year. In some states, including California and Hawaii, average prices were 50 cents higher than last year. The smallest price increases were recorded in Nebraska (35 cents), Iowa and Louisiana (36 cents), as well as Missouri and South Dakota (37 cents).

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