"How low could they go?"
That’s what reporters are asking from coast to coast as Americans watch in envy of folks in Tulsa, OK, Lubbock, TX and St. Louis, MO where gas prices are poised to break below $3 as the average price for their respective markets.
Already, St. Louis consumers are seeing some stations at $2.79; while Tulsa has some stations at $2.85 per gal. In Lubbock today consumers can pay as low as $2.89 or as high as $3.59 per gal.
“While the direction of current prices reflect what we can expect for Q4 fuel prices, it’s certainly encouraging to see how many states already have stations with regular gas available for under $3,” said Patrick DeHaan, senior petroleum analyst, GasBuddy. "Our network of websites shows 18 states where motorists could access gasoline below $3 per gallon today: MO, SC, TX, MS, OK, AR, VA, NM, LA, TN, AL, NJ, KS, GA, NE, IA, OH, and IN.”
“If current supply and demand fundamentals remain unchanged and West Texas crude slips into the mid-$90s, then perhaps by Thanksgiving we could see as many as 33 states (two-thirds of the U.S.) with gas stations selling below $3,” said Gregg Laskoski, another GasBuddy senior petroleum analyst.