As of this taping, a gallon of gas in Naperville was averaging out at $3.18, about a $.30 drop from this time last month.
“The reason for that is high supply, we’ve had very high supply coming out of the summer. But then also very low demand. Oil prices are coming down as well,” said Beth Mosher, Director of Public Affairs at AAA.
Though experts are saying the prices have likely bottomed out for now, they do expect the low rates to stick around, at least for another month or so.
“We may see prices rise a little bit at the end of November due to the Thanksgiving holiday and driver demand, but barring anything unforeseen we’re not expecting gas prices to rise back up,” said Mosher.
And speaking of the holidays – if you have flight plans to make, now is the time to buy. For every extra day you wait to book this month, you’ll be tacking on about $8 to the price.
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