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Gas Prices Falling

 

Last updated 8/19/2016 at 10:31am

According to gasbuddy.com, gas prices are heading in the right direction thanks to an oversupply of fuel.

"High gasoline inventories, which are up 11.8% from this time last year, will continue to be a thorn in the side of refiners and a boost for consumers as a seasonal downturn in gasoline demand is on the horizon after Labor Day," said Will Speer, a gasbuddy.com senior petroleum analyst.

Coachella Valley motorists paid as little as $2.33 for a gallon of regular unleaded fuel Sunday, with the Inland Empire's average price being $2.65 per gallon, down 8 cents from a week ago. The Automobile Club of Southern California report prices are down about 26 cents from a month ago.

Experts are predicting that September could see prices fall to $1.99 per gallon following current trends.

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