11:43 am
Mon October 5, 2009

Gas Prices Decline

Morehead, KY – A petroleum industry analyst says gas prices could fall below two dollars a gallon before Christmas. Jason Toews is co-founder of the websites kentuckygasprices.com and gasbuddy.com. He says Kentuckians are now paying between two-sixteen and two-fifty nine a gallon and it's likely those prices will continue dropping for a while.

"People just generally do less driving during the winter months. So I'm actually expecting gas prices continue to decrease. We'll probably see, in Kentucky we'll see gas prices as cheap at $1.70 this winter."

However, Toews says fuel costs will begin rising as the economy starts to recover next year. He says don't be surprised if they climb back to four-dollars or more.