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The prices of gas across the US continue to plummet , and may drop to below $3 a gallon by the end the year.
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A gallon of normal gasoline cost $3.96 Monday, only a tiny fraction from Sunday's.
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The price of gas has dropped for 62 consecutive days.The national average has fallen $1.06 since the 14th of June.
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Some states that are expensive, such as California raise the cost of fuel by an average. The median national price in which half of the fuel stations are more expensive than half of them it is $3.80 for a gallon.
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Regular prices are $3.99 at the most in all 28 states. Nearly a third of the 130,000 gas stations offer less than $4 per gallon. A lot of them offer less. 25percent of gas stations provide gasoline for less than $3.50 for a gallon.
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Futures on gasoline wholesale for December and November deliveries could result in retail prices across various states by the time the year is over He added. Unexpected gas price hikes might disrupt drivers' good new
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The price of oil hit a six-month low in trading Monday as the price of futures dropped by 4% due to worries of a global recession. According to the crude benchmark the oil futures are trading between by 24 to 28% since the 8th of June.
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