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Government Predicts Gas Will Drop Below $3/Gallon Soon

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Gas prices are finally starting to fall – and are expected to drop even further, according to a government report.

The U.S. Energy Information Administration says the average price for a gallon of gas will be down to $3.01 by next month – and an average $2.88 in the new year.

The estimate is based on increased production and lower costs for barrels of oil.

Gas prices reached a high of $3.39 a gallon in November – the highest average in seven years.

How much do gas prices factor into your travel plans? Do you think they’ll drop next year?

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