FORT WAYNE, Ind. (WANE) For weeks we’ve been hearing from industry analysts about how gas could finally creep below $3.00 a gallon in certain parts of the United States. That’s finally happened in the Fort Wayne area where at least a couple stations are selling regular unleaded for $2.95. One of those stations is the Phillips 66 located on Dupont Road at the intersection with Parkview Drive.
Most stations are still holding above the $3.00 a gallon mark. Gasbuddy.com, which tracks gas prices and supplies data for WANE.COM’s Gas Gauge, noted that for the week ending on Sunday, October 12, the average price for a gallon of gas based on a survey of 201 stations was $3.22 a gallon. Prices have dropped considerably since then.
One of the factors that has brought prices down is a weakening global economy which means gasoline consumption is down. Another factor is the increase in the production of shale oil in the U.S.
Gasbuddy predicts prices could fall even further in the coming weeks.