Gas Prices Continue to Drop as Seasonal Factors Outweigh Oil Price Increases

Gas prices are falling due to seasonal factors like lower demand and cheaper winter fuel blends, despite higher oil prices.

Prices are down about $0.30/gallon from a month ago and a year ago. Even California has seen declines.

Higher oil inventories compared to last year are adding downward pressure on prices.

If oil prices remain steady and no disruptions occur, prices could fall another 20-25 cents/gallon.

Weaker fuel consumption recently could lead to further declines through the end of the year.