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Sharp Fall in Gas Prices could Continue Until the End of the Year

From the SacBee: Gas prices decline sharply in October, trend may continue through end of the year

"Gas prices at the end of October were dropping at the fastest speeds in nearly four years," said Beth Mosher, director of public affairs for AAA Chicago. "If this trend continues, motorists could be paying less than last year to fill up their cars."

Assuming a smooth restart to production following Hurricane Sandy, AAA predicts that gas prices will continue to drop through the end of the year. ... The Northeast is a significant gasoline consumer and not a major producer, so it is expected that the decline in demand from people not driving will outweigh any disruption in gasoline production.

Gasoline prices in California have fallen sharply following the recent spike due to refinery issues, and most areas are now under $4 per gallon.

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