Motorists feeling less pain at the pump
When was the last time you filled up your tank?
You probably noticed prices falling and thought it was too good to be true.
In Ottumwa, gas is down to $2.96 per gallon.
That's lower than in Kirksville, where a gallon of gas is $2.99, and it turns out, prices may just keep going down.
According to AAA, nationwide, the price per gallon of regular gas is about $3.35. Thatâ??s the lowest level itâ??s been since January.
That's not even the best part. Some estimates expect that average to fall all the way down to the $3.10-$3.20 per gallon range by Christmas.
After a jump at the beginning of the year, gas prices have been falling for the most part, especially since July.
Crude traded at $100 in July, and prices have been going down since then.
Gas and oil tend to move in lock-step, and the government says oil prices are declining because we have plenty on hand.
Demand has also dropped due in part to the impending winter season and the weak economy.