"NEW YORK — The average price of gasoline will be below $3 a gallon in 2015, the government predicted Wednesday. If the sharply lower estimate holds true, U.S. consumers will save $61 billion on gas compared with this year.
In a monthly report, the Energy Department reduced its forecast for global oil prices next year by $18 a barrel to $83. Weakness in the global economy will crimp demand for oil, while production in places like the U.S. keeps rising.
The result: Drivers will pay $2.94 per gallon on average in 2015, 45 cents lower than this year. Based on expected gasoline consumption, that's a savings of $60.9 billion."
Jonathan Fahey reports for the Associated Press November 12, 2014.
Source: AP, 11/13/2014
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