Gas Prices Falling, How Long Will It Last?

기름값 하락, 언제까지 지속될까? 

A 1plummet at the gas pump. After several months of 2soaring costs, prices appear to be falling. According to a GasBuddy analysis, the national average gas price has fallen 27 days straight after 3peaking to a 4historic high in mid-June.

“There’s reason to be 5optimistic. Gas prices have already been falling for three straight weeks.”

Patrick De Haan, Head of Petroleum Analysis at GasBuddy, says in the weeks ahead we could see thousands of gas stations falling under $4 per gallon specifically on the Gulf Coast and southern US states like Georgia, North and South Carolina, Mississippi, Louisiana, Texas, Alabama, Arkansas and Tennessee.

“Gas prices will go lower even at those stations that are just 6freshly dropping under that $4 mark. And a lot of that is because the, the plummet in the price of oil that’s recently occurred will likely take 2 to 3 weeks for stations to fully 7pass along.”

Last week, the price of 8crude oil dropped below $100 a barrel for the first time since May. According to AAA, the national average for a regular gallon of gas has fallen to $4.68 about 30 cents cheaper than last month. And experts say falling oil prices will continue to keep costs down for consumers. But for how long?

“We could see gas prices decline another 25 to as much as 50 cents a gallon in the weeks ahead as long as there are no 9unexpected 10outagesor 11disruptions that could cause oil prices to 12reverse and go back up.”

Potential disruptions include an unexpected outage, major hurricane or data showing a stronger economy than anticipated.