Gasoline prices keep dropping

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Gasoline prices in the Chicago area and the rest of the country just keep on dropping.

According to website GasBuddy.com, average retail gasoline prices in Chicago have fallen 9 cents per gallon in the past week, averaging $2.75/g Sunday.

This compares with the national average that has fallen 8.3 cents per gallon in the last week to $2.57/g.

GasBuddy surveyed more than 1,400 gas stations  in Chicago.

Including the change in gas prices in Chicago during the past week, prices yesterday were 63.0 cents per gallon lower than the same day one year ago and are

40.6 cents per gallon lower than a month ago.

The national average has decreased 33.2 cents per gallon during the last month and stands 67.0 cents per gallon lower than this day one year ago.

Analysts predict prices to drop to below $2.50 a gallon Tuesday.

Gas stations in 13 states are reporting prices below $2 gallon.

Experts say OPEC nations are glutting the market in an effort to drive other oil-producing countries out of the market.

 

 

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