Low gas prices expected to continue

Author: CBS News
Published: Updated:
MGN Online

LOS ANGELES- After rising for more than a month, gas prices have now dropped nine days in a row. AAA predicts that downward trend will continue well into the busy summer season.

AAA predicts consumers could now see average gas prices drop as low as $2 gallon nationwide this spring and summer, thanks to an abundance of crude oil on the market.

“There’s a good chance that the average household will save more than $700 on gas,” said AAA spokesman Michael Green.

The national average for gas is currently $2.42 a gallon. That’s $1.10 less than what consumers paid last year at this time.

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