Gasoline prices set to fall as oil rout continues

Gasoline prices set to fall as oil rout continues

Gasoline prices set to fall as oil rout continues With oil prices 18 per cent lower than a month ago, one analyst is calling for gasoline to hit $2 in the US by Thanksgiving. Tom Kloza of the Oil Price Information Service told CNN that even if oil rebounds to $45 he expects a $2 gallon at 60 per cent of US stations in the fall. The extra savings for drivers is predicted to give the economy a boost, especially retailers as holiday spending ramps up.