From AAA Oregon/Idaho
AAA Oregon/Idaho predicts the national average for regular could fall to as low as $3.10 to $3.20 a gallon by late December. That would be the lowest level in nearly two years and the lowest price per gallonj during the holiday season. In Oregon, the average could dip as low as $3.20 to $3.30 a gallon which would be the lowest price since January 2011.
Plenty of gas, flat demand and the shift to cheaper winter-mix gasoline are pushing down pump prices. Of course, the more cynical among us say any “emergency” or “unexpected fire” at any refinery in the country could drive prices up through the roof, too.
The price of crude oil will provide a floor for how low retail gas prices could go. This week, the price for a barrel of West Texas crude oil fell below $100 per barrel for the first time in nearly four months. If crude prices continue to move lower, we would expect retail gas prices to decline as well.