Price at the pump expected to drop to a $3 average
(KYMA, KECY) - Good news for drivers: prices at the pump are starting to go down.
The U.S. Energy Information Administration said in November, the national average for a gallon of regular gasoline was $3.39, the highest since 20-14.
But by January, it's expected to drop to about $3 and continue falling.
For 2022, the average is expected to be $2.88.
This new forecast is based on global oil production outpacing demand next year with the rise of the omicron coronavirus variant.