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 GasBuddy.com, 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.

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