Gas Prices Predicted to Drop

by BoroPark24 Staff

AAA predicts that gas prices will drop due to a decrease in demand. 

The organization says that prices went up during the holidays but should now go back down. 

“As we head toward February, pump prices will likely dip, barring any jolt in the global oil market,” said Andrew Gross, AAA spokesperson. 

According to data from the Energy Information Administration, gas demand dropped from 9.33 million to 7.51 million barrels per day last week. Lower gasoline demand has contributed to limiting increases in pump prices.