Oil prices are falling, and that means the pain at the pump will ease as well.
Gas prices have fallen 6 percent in the last month, and a spokesperson with the Oil Price Information Service predicts that tens of thousands of stations across the country will post prices below $2 a gallon this fall, according to a story posted on the CBS 58 website.
Tom Kloza, chief oil analyst for OPIS, told CNN that after the more expensive summer blend requirement expires on Sept. 15, consumers will see prices that could be up to 70 cents lower than current prices.
Gas in and around Racine is averaging $2.55 a gallon, according to gasbuddy.com, so there’s every chance drivers could be paying as low as $1.90 or $1.85 a gallon as we move deep into the 2015 professional football season.
Kloza also said oil prices are getting pushed lower because of changes around the world, including potentially greater outputs from Iran if the nuclear deal with the U.S. goes forward, increased production from North America and the Middle East, and economic slowdown in China.