Gas Prices Drop Nationwide


Posted on: October 28th, 2013 by ABC News No Comments

iStock/Thinkstock(WASHINGTON) — Gas prices have dropped nationwide, according to a government report.

The price of regular unleaded gas is down to $3.29 a gallon on average nationwide, the U.S. Energy Department reports.

Ben Brockwell, director of Data Pricing and Information Services at Oil Price Information Services, said that he expects prices to keep dropping. “We are looking at a rich supply of crude oil led by the U.S. We’ve also go additional refining capacity coming on strength in Saudi Arabia and China so there’s gonna be in my opinion lots of products looking for markets,” Brockwell said.

The current gas price is 27 cents less than it was at this same time last year.

Copyright 2013 ABC News Radio



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