The U.S. Department of Energy announced today that gasoline prices have hit their lowest average since April of this year. Although this is expected at the end of every summer driving season, forecasters are predicting that by November of this year, fuel will be closer to $2.00 per gallon, versus the $3.00 seen recently in most parts of the country.
What this means is open for debate, however, as Edmunds' Inside Line notes in their article, supply and demand is in full effect. Whether or not this will change American's driving habits or, more importantly, their car purchasing decisions is the real question.
[Source: Edmunds' Inside Line]