Government Says Gas Prices Will Remain At Record Lows In 2015

It sure has been a lot more fun to fill up at the pump lately!  Gas prices continue to plumet here in the corridor.  I saw one station at $2.26 a gallon yesterday!  Some places in the U.S. are already under $2 a gallon!  Why the price drop?  Oil prices for one.  The U.S. increased their production, and demand is way down worldwide.  That leads to low oil prices, now below $60 a barrel.   But how long will the savings last?

According to the latest government forecast, 2015 should see you saving between $500-$600 on your gas bill compared to one year ago.  They say the average price of gas for 2015 will be around $2.60 per gallon.  That would be the lowest average price in a decade!

Don't go out and buy an S.U.V. to celebrate just yet.  If history has taught us anything, it's that trends like this have a way of reversing themselves.