Gas prices may drop below $3 a gallon by the year's end

Gas prices may drop below $3 a gallon by the year's end

August 4th, 2014 by The Tennessean in Local - Breaking News

Gas prices may soon be taking a smaller dent out of U.S. pocketbooks, economists say.(AP Photo/Elaine Thompson, file)

National gas prices for the month of August are at their lowest since 2010, and present predictors indicate that a recent decline could continue.

The national average for a gallon of regular unleaded gasoline Sunday was just over $3.50, according to AAA, the Auto Club Group. On Aug. 1, 2011, the national average was $3.71. It has not dipped below $3.50 during the month of August since then.

The average per-gallon price in Tennessee is just over $3.27. The average gas price in Nashville is just over $3.31, compared with $3.51 a month ago.

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