Gas prices are steadily dropping. After peaking at $4.11 in July, the national average price of a gallon of gasoline has fallen over 18% to $3.35 as of October 10, 2008. Industry analysts are projecting that prices at the pump could drop to as low at $2.50 to $2.75 per gallon in the near future.
So, in short, when the economy is relatively strong it looks like we're going to have obnoxiously expensive gasoline for the foreseeable future. If the economy is weak, a time when people have lots more to worry about than just gas prices, gas may well be substantially cheaper. Pick your poison, I suppose.
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