Gas getting cheaper could be $3.15 by year end

Gas getting cheaper could be $3.15 by year end

Gas prices are falling and could dip to $3.15 in time for the holidays, reports USAToday. That would be the lowest average price for the holiday season since 2010.

Its a good news/bad news scenario. The good news: The Energy Information Administration reports that domestic supplies of crude oil are higher than expected, so prices are falling. The bad news: The Organization of Petroleum Exporting Countries (OPEC) says a weakening global economy could result in weaker demand.

The average price of gas in the United States is now $3.36 a gallon. Prices in 2012 averaged $3.23, but were higher at year end.

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