That pinch you’ve been feeling in your wallet when pull up for that fill-up at the gas pump may finally be starting to ease.
“We’re starting to see prices moving lower at a more consistent rate” Gasbuddy dot-com’s Gregg Laskoski told KTSA News, adding “That’s largely becasue of the drop (in price) that’ we’ve seen in the benchmark crude oil–the WTI (West Texas Intermediate) Crude.”
Laskoski said there are a couple of different factors at play–that are now lining up to push crude prices down, starting with the apparent resolution to the latest gasoline pipeline problem in the Southeast.
“Colonial Pipeline folks were ready to jump on the repairs very quickly–much faster than they did back in September” Laskoski said.
Add to that the seeming collapse of OPEC’s plans for a production cut–though a vote is still set for later this month.
“Many of their own members are unwilling to comply–and, there’s also quite a bit of pressure from non-OPEC members… particularly from Russia” Laskoski said.
In the end, Laskoski said it looks as though we may be back to a more familiar theme when it comes to gas prices with winter around the corner.
“Even though we have Thanksgiving approaching, I think we’re likely to see retail gasoline prices getting back to that pattern of consistent decline” Laskoski said.