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Gas prices are dropping steadily

 Posted: 9:55 AM October 23, 2013

The average U.S. price of a gallon of gasoline has steadily declined in recent weeks and AAA says it expects gas to drop by as much as another 25 cents a gallon by Christmas, which would put the per-gallon cost at its lowest point since 2010.

AAA says it expects the drop in gas prices because of increased supplies, flat demand and cheaper winter-blend gasoline. The organization predicts a national average of $3.10 to $3.20 per gallon by Christmas.

The current national average is $3.36 a gallon. Motorists were paying about 32 cents a gallon more last year. Gasoline prices averaged $3.23 a gallon in 2012, $3.24 a gallon in 2011 and $3.03 in 2010, DeHaan says.

Gas prices in Oregon are currently averaging $3.46 a gallon. In Medford, gas prices reported today on oregongasprices.com ranged from $3.39 to $3.59 a gallon.

Bargain hunters in several states are already enjoying sub-$3 gasoline. In Missouri, where gas prices average the nation's lowest at $3.06 a gallon, it's selling as low as $2.66 a gallon at some warehouse club outlets.

AAA spokesman Michael Green notes that sub-$3 a gallon gas is available in about 24 states, and overall, gas is the cheapest it's been nationwide since January.

Of the cities AAA surveyed in the lower 48 states, Albuquerque, N.M., has the nation's lowest average price for gas at $3.03. San Francisco has the highest at $3.81.

In California, the lowest average price was $3.64 in Sacramento. The average statewide for a gallon of regular was $3.74, a drop of 9 cents.

— The Associated Press and local reports


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