Look out: Gas might be under $2 a gallon soon

Tuesday, June 4, 2019

(WRDW/WAGT) -- Gas could soon be under $2 a gallon in some parts of the country as the summer driving season begins, according to a gas consumer group.

Analysts from GasBuddy.com say the national average for a gallon of gas has dropped for the fourth straight week in a row to $2.81.

“More impressively is the surprise that may soon hit some motorists: the nation’s cheapest gas prices may soon fall back under $2 per gallon," aid Patrick DeHaan, head of petroleum analysis for GasBuddy.

GasBuddy analysts point to worries about President Donald Trump's tariffs on China and possibly Mexico leading to a slowdown in oil demand.

"While there may be volatility and a return to higher prices should Trump make a deal to avoid tariffs on both the countries, for now, it’s going to be a big win at the gas pump with prices in most areas likely to fall notably in the week ahead," DeHaan said.

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