Gas prices may drop to less than $2.50/gal.
By Gary Richards, San Jose Mercury News
Gas prices may soon begin falling to levels not seen since the Great Recession in 2008 to under $2.50 a gallon in California and — gasp! — to below two bucks nationwide.
That would be a pleasant shock on the West Coast, coming just two weeks after rising nearly 75 cents overnight in Southern California to $4.30 a gallon.
If refineries continue producing at full capacity, the switch over to winter-blend gas in the fall/winter months, which is cheaper to produce and lower in demand prices may drop.