Gas Prices Expected To Drop Sharply

Gas prices are expected to drop sharply in the coming days, dropping down near $2 per gallon in some states.

As of Friday, the national average was $2.78 per gallon but analysts say it could drop all the way down to $2.50 by Tuesday.  The reason?  Increased worldwide production that is leading to a surplus in oil reserves.

However, the dip might be a temporary one, with new oil sanctions being imposed on Iran beginning Monday.

Could lower gas prices impact the midterm elections?  Why do you think oil prices are so volatile?

 

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