Gas prices are set to tumble even further


The Energy Department on Tuesday lowered the projected average gasoline price by 35 cents to $2.60 per gallon, 23 percent below this year's average. The decline would amount to a $100 billion savings for drivers in 2015 based on current levels of consumption. It comes as crude oil prices have fallen to $66 per barrel from $115 in June due to a glut in global supply. Next year's predicted gas price would be the lowest yearly average since 2009.
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Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.
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