Gas Prices Down For Now

Gas Prices Down For Now

POSTED: Monday, July 16, 2012 - 6:06pm

UPDATED: Monday, July 16, 2012 - 6:08pm

Gas prices have dropped an average of about seven cents a gallon over the past three weeks... but an analyst says prices are likely heading back up.

A new survey says prices will stop falling because crude oil prices haven't really dropped in several weeks. Jackson, Mississippi has the lowest average price, at $3 a gallon. Gas prices are highest in Chicago, with a gallon going for $3.78.

The national average for a gallon of regular gasoline is $3.41. That's more than 20 cents cheaper than this time last year but it's still higher than the average price of gas here in El Paso which is $3.18.

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