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AAA: Gas prices starting to drop as end of the year approaches

AAA: Gas prices starting to drop as end of the year approaches
3 years 7 months 1 week ago Tuesday, November 01 2022 Nov 1, 2022 November 01, 2022 11:25 PM November 01, 2022 in News - Local

The American Automobile Association is predicting that gas prices will drop as we get closer to the end of the year.

“Even though demand is going up a little bit, we still think that gas prices are going to continue to go down because of this fear of a global recession,” AAA spokesperson Anlleyn Venegas said.

Gas prices are currently averaging $3.06 in the upper Valley and $3.04 in the lower Valley.

While there’s no prediction as to how much the price of gas could drop, AAA says crude oil is currently around $90 per barrel. Sixty percent of the price at the pump is based off crude oil.

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