Gas prices may soon begin falling to levels not seen since the Great Recession in 2008 to under $2.50 a gallon in California and — gasp! — to below two bucks nationwide.
That would be a pleasant shock on the West Coast, coming just two weeks after rising nearly 75 cents overnight in Southern California to $4.30 a gallon.
If refineries continue producing at full capacity, the switch over to winter-blend gas in the fall/winter months, which is cheaper to produce and lower in demand, then:
“It is possible to see the average price in California down to $2.30-$2.50 by the end of the year,” said Allison Mac, the west coast analyst for GasBuddy.com.
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