Area gas prices will fall up to 25 cents a gallon by Halloween if history is any guide, analysts for a gas price-monitoring website said.
“While past performance is never an absolute indicator of future price positions, a review of recent history gives us good reason to expect prices to fall between now and Halloween, by between 20-to-25 cents per gallon,” said Patrick DeHaan, senior petroleum analyst for GasBuddy, which operates DaytonGasPrices.com and CincyGasPrices.com.
The average price of regular-grade gasoline in the Dayton area stood at $3.24 a gallon this morning, according to DaytonGasPrices.com.
From Sept. 19 to Halloween, the U.S. average price has fallen by an average of 28 cents per gallon over the past five years. “But we’re leaning closer to the 10-year average, which is 23 cents per gallon,” DeHaan said.
Gregg Laskoski, another GasBuddy senior petroleum analyst, said “barring a hurricane or sudden turbulence in the Middle East, we’re confident that most metro markets across the U.S. will see their prices fall in this 20-to-25 cent range.”