Gas to average under $3 in 2015, government says

[Omaha Steve]

Source: AP-EXCITE

By JONATHAN FAHEY

NEW YORK (AP) — The Energy Department now predicts the average price of gasoline will be below $3 a gallon in 2015. The dramatically lower estimate will save U.S. consumers and the economy more than $60 billion if it holds true.

The department's Energy Information Administration predicts in its most recent short-term energy outlook, released Wednesday, that drivers will pay $2.94 per gallon on average in 2015, 45 cents lower than this year.

Based on current gasoline consumption, that's a savings of $61.1 billion.

FULL short story at link.


Read more: http://apnews.excite.com/article/20141112/us--cheap_gasoline-0329531baa.html

[upaloopa]

1. The tea party will think the repubs did this.

[Old Nick]

2. CLEARLY OBAMA'S FAULT!

[christx30]

5. THANKS OBAMA. n/t

[cprise]

8. Indeed: 'Stakes are high as US plays the oil card against Iran and Russia'

http://www.theguardian.com/business/economics-blog/2014/nov/09/us-iran-russia-oil-prices-shale

Since the 80s, Saudi Arabia has been our On/Off oil switch to counter the interests of other petro-states, especially the USSR/Russia. Nowadays, with fracking, the US and Saudis can work in tandem.

Unfortunately its reckless towards the environment to do this, and when you exploit relatively short-lived fracking sources this way you set the world up for an oil price shock when they run out.

[INdemo]

3. There are people so gullable that when the Keystone Pipeline is approved

the Teabagger Republicans will us that as a reason for the lower gas prices.
And those Teabagger voters will believe this since it will be drilled into their Teabagger mind.
Just like now, since the Tea Party was formed the Teabaggers are now convinced that the sun rises in the West

[Comrade Grumpy]

4. Woo hoo! Now I can save gas money while driving the highway to climate change hell.

[onecent]

7. Sure, until it goes up to $5.00 because of troops going to Syria.

[ileus]

9. already saving us around 150 bucks a month.

price is 2.65 on my exit this evening...