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Home / Business / Gasoline prices predicted to fall this fall. Here's how much you can expect to save: AAA

Gasoline prices predicted to fall this fall. Here's how much you can expect to save: AAA



This fall, the national gasoline average could fall to $ 2.40 per gallon or lower, according to a prediction.

The American Automobile Association (AAA) said Thursday that it expects motorists to save up to 25 cents per gallon more than they were this summer. At the moment, petrol prices nationally are already 15 cents cheaper than five weeks ago.

"AAA predicts that falling gas prices will be significantly less expensive than this summer, with motorists finding savings in every market across the country," Jeanette Casselano, AAA spokesman, said in a statement.

"Many factors drive this decline, but the low price of crude oil is the most important among them," Casselano added.

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Other factors in the expected fall in prices are a decline in gas demand for Labor Day as well as the transition to winter mixed gas, according to AAA.

Crude oil prices are expected to be between $ 50 and $ 60 per barrel in the coming season, partly because domestic commodity stocks are 31

.5 million barrels higher than last year, AAA said. Last fall, crude oil cost between $ 60 and $ 75.

However, low gas prices are no guarantee. As every year, the hurricane season can cause gasoline prices to rise again.

"The mere threat of a hurricane making landfall could obscure domestic crude production, leading to increased crude oil and gasoline prices," AAA said. "In 2017, Hurricane Harvey got the national gasoline price average to jump 30 cents in a matter of days."

In this May 25, 2018, file photo, prices for the three classes of gasoline will light up the pump at a Shell drive in southeast Denver. (AP Photo / David Zalubowski, File / Associated Press)

So far specific regions, the AAA expects the West Coast to see a fall in gasoline prices in the coming months, while prices in the South and Southeast could see prices below $ 2 per gallon at the end of the year — as long as there is no major hurricane.

CLICK HERE TO READ MORE ON FOX BUSINESS [19659002] In the Rockies, motorists should expect steady gas prices, while people in the Mid-Atlantic and Northeast could see prices fall, preventing supply disruptions in the region that would lead to a spike .

According to AAA, Great Lakes and central states typically have unstable gas prices. The association expects the region to see cheaper prices, but there may be sudden increases.


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