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Gas prices expected to drop below $3 a gallon

NBC-2

Gas for less than $3 a gallon is coming to a station near you, if it’s not there already.

There are 10 states with average gas prices below the $3 mark, according to AAA, and the average retail price for gas has dropped 20 cents a gallon in the last month.

But cheap gas isn’t limited to just a handful of states. About a third of gas stations nationwide already have prices at or below $3, and many pumps in Missouri, South Carolina and Oklahoma are at $2.60 a gallon, according to the Oil Price Information Service, which tracks prices for AAA.

The nationwide average, which is currently $3.19 a gallon, is now forecast to dip below $3 for the first time in four years later this year.

A steady drop in crude oil prices is what’s driving down gas prices.

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