Gas prices projected to dip below $2/gallon

LANSING, Mich. (WLNS) – Drivers in Michigan may be in store for some relief at the gas pumps during the remainder of the year.

According to gas price monitor, the average price of a gallon of gas in the state could dip below $2 before the end of the year.

Patrick DeHaan, senior analyst for GasBuddy, says last year the national average for a gallon of gas fell $1.27 between August and January. DeHaan notes that if prices dip at even half that pace the average per gallon will be $1.98.

Michigan is one of twenty states where prices are projected to drop below $2. There are several factors that drive down the price after Labor Day. One is that fewer people are taking vacation road trips so demand for gas falls. Other factors are the switch to cheaper winter grade gasoline and the abundant supply of discount gasoline available.

You can always check the GasBuddy price checks online on our Seen on 6 page.

We welcome thoughts and comments from our viewers. We ask that everyone keep their remarks civil and respectful. Postings that contain profanity, racist, or potentially libelous remarks will be deleted. We will delete any commercial postings, as well.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s