Gas prices at record low
CNN has reported that gas has dropped 53 cents in the past two weeks, that being a record.
It is expected that prices will continue to drop, albeit at a slower rate. Unleaded gas was at an average price of $3.31 as of October 10, compared to $2.78 a gallon on Friday. The average high was on July 11, when gas was at $4.11.
The drop has been related to low demand and crude prices. As of Friday, the lowest average gas price in the nation was in Kansas, at a price of $2.26.
The LaCrosse Tribune reported that factors relating to how gas prices will change in the near future may be effected by OPEC. The Organization of the Petroleum Exporting Countries may choose to slow the production of oil, which could cause a potential increase or stop the price drop.