How low will gas prices go this winter? 3 analyst predictions.

person using gas pump photo
(Image credit: Michael M. Santiago / Staff/ Getty Images)

Gas prices have dropped significantly below the record highs of earlier this year, and experts say they could continue to fall through the holidays, The Wall Street Journal reports.

OPIS, an energy data and analytics provider, says the average price of regular unleaded gasoline dropped to $3.35 a gallon on Thursday. This brings prices at the pump to their lowest since Russia invaded Ukraine in February, an over 30 percent decrease since the record high of over $5 over the summer.

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Theara Coleman, The Week US

Theara Coleman has worked as a staff writer at The Week since September 2022. She frequently writes about technology, education, literature and general news. She was previously a contributing writer and assistant editor at Honeysuckle Magazine, where she covered racial politics and cannabis industry news.