Some economists predict downward trend in gas prices to continue - KCBD NewsChannel 11 Lubbock

Some economists predict downward trend in gas prices to continue

Posted: Updated:
LUBBOCK, TX (KCBD) -

Some economists predict gas prices will continue on a downward trend. Wednesday afternoon, KCBD saw prices in Lubbock ranging between $3.45 and $3.52.

Analysts say drivers are using less - by cutting back and driving more fuel efficient cars. Oil stockpiles in the U.S. are said to be plentiful right now, and OPEC countries are arguing about whether to cut or raise the supply.

Wednesday, the national average cost for a gallon of gasoline was $3.69.  One economist says a national average of $3.50 a gallon by July 4th is a real possibility.

With Lubbock prices typically below the national average, that could mean even more savings here.

Copyright 2011 KCBD. All rights reserved.

Powered by WorldNow

5600 Avenue A
Lubbock, TX. 79404

FCC Public File
publicfile@kcbd.com
806-744-1414
EEO Report
Closed Captioning

All content © Copyright 2000 - 2014 Worldnow and KCBD. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.