ASSOCIATED PRESS: American drivers can expect extremely low gas prices later this year.
ASSOCIATED PRESS: American drivers can expect extremely low gas prices later this year.
The price of U.S. crude dropped 7.7 percent Monday to close at $52.53 a barrel and is now down nearly 15 percent from the high for the year set on June 10.
Gasoline prices in the U.S. will likely slide somewhat from a national average of $2.77 over the next few weeks. Experts then expect a substantial decline in late summer and fall, pushing average gasoline prices in some low-price states below $2 a gallon again.
