Gas Prices Predicted To Drop Under $2 Per Gallon This Fall

I know that we are in the dog days of summer but the Energy Information Administration just released its Short Term Energy Outlook and it indicted we might get a nice Christmas present throughout the fall and into December. The outlook predicts that from October, 2016 to February, 2017 average retail gasoline prices including taxes will fall below $2 per gallon. It’s hard to imagine those days not too long ago when we were paying nearly $5/gallon. I don’t think things have changed so much since prices were that high in 2011 – do you think undue speculation might have had a lot to do with the price back then? I do too.