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Gas prices are once again trending downward, with experts predicting that the national average will fall below $3 a gallon for the first time in three years. So, what's causing gas prices to finally come back down?
Market Analyst Phil Flynn told KTRH, "The demand for gasoline wasn't as high as people expected. So we had more supply, and that put downward pressure on prices."
Flynn noted that the timing of this price drop, so close to the election, isn't a coincidence either. He pointed out, "We have an administration, the Biden administration, that has used the Strategic Oil Reserve to try and bring down gasoline prices."
Flynn added that, because this is expected to be a short-term dip, you shouldn't expect prices for other goods to fall as a result.
In Texas, the statewide average price is already down to $2.78 a gallon, nearly 19% lower than it was a year ago.