Gas prices usually drop this time of year due to producers switching to the “winter blend” of gas, but gas prices are expected to hit numbers so low that they haven’t been seen since 2009. This means some consumers in the south could see gas going for as low as $2 a gallon!

“We could see the cheapest one percent of stations get within a few pennies of $1.99 over the next two weeks,” Patrick DeHaan, a petroleum analyst at GasBuddy, told Bloomberg. “We’ll see at least one station in the nation at $2 by Christmas. And that’s not really a prediction at all. That’s more like a certainty.”

“Given that OPEC has decided not to cut production and, for all intents and purposes, are entering into a market share war with the rest of the world, $2 a gallon could be in the cards,” Andy Lipow, the president of Lipow Oil Associates, told Bloomberg. “I don’t think anyone would have said that at the beginning of the year, or a month ago, or even a week ago.”

If OPEC continues with this mindset, Americans should expect to shell out a little less at the pump this winter.

source: bloomberg.com