CHICAGO (WANE) Analysts with GasBuddy.com are projecting that on average, American motorists will spend $750 less on gas in 2015 compared to 2014. They also predict that the national average for a gallon of regular unleaded will drop below $2.00 for the first time since March 2009.
“The current trend has the national average today at $2.05, which maintains the consistent rate of decline we’ve monitored for the past several months,” said Patrick DeHaan, senior petroleum analyst with GasBuddy. “When you couple that with the fuel fundamentals reported by the Energy Information Administration (EIA), specifically, the inventory build in recent weeks, it’s a certainty that we’ll see the national average price of gas move below $2.00…probably within the next 48 to 72 hours,” he added. “We could see it fall to $1.95 or even lower in the weeks ahead.”
Despite the sub $2.00 a gallon prices seen across the country, GasBuddy projected the average price for a gallon of gas in 2015 to be $2.64. You can check details of GasBuddy’s entire 2015 forecast by clicking here.
GasBuddy provides the data for wane.com’s Gas Gauge which tracks gas prices.