{"id":1940,"date":"2022-10-15T16:45:58","date_gmt":"2022-10-15T16:45:58","guid":{"rendered":"http:\/\/roydadnaft.ir\/English\/?p=1940"},"modified":"2022-10-15T16:46:00","modified_gmt":"2022-10-15T16:46:00","slug":"experts-predict-gas-prices-will-go-below-3-a-gallon-again","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/1940\/","title":{"rendered":"Experts predict gas prices will go below $3 a gallon again"},"content":{"rendered":"<div class=\"entry-content\" itemprop=\"description\">\n<p>Alabama\u2019s gas price average is $3.44 per gallon as of October 14. That is up 13 cents from the week before, but experts with AAA say those prices may start falling again soon.<\/p>\n\n\n\n<p>Last week, OPEC announced it was cutting oil production overseas by two million barrels a day starting November 1 and consumers immediately saw gas prices go up. Clay Ingram with AAA said that was premature. Now, multiple oil refineries are going back into production, which means gas could be going back down.<\/p>\n\n\n\n<p>Ingram said many gas stations responded to the OPEC news by immediately raising prices, but he said they didn\u2019t need to just yet. Ingram said there\u2019s still time before November to try and offset the impact of losing two million barrels a day.<\/p>\n\n\n\n<p>\u201cHaving these refineries come online will certainly help a little bit,\u201d Ingram said. \u201cHow much is hard to say. It kind of depends on what our demand does over the next few weeks. It also depends on if any other oil producing countries want to bump up their production a little bit. I know here in the U.S. they are trying to bump up production as well.\u201d<\/p>\n\n\n\n<p>Ingram said right now, the U.S. is at the highest level of production it\u2019s ever had, so he is not sure exactly how much more production will be increased here.<\/p>\n\n\n\n<p>Ingram said normally during the fall, gas demand goes down, but he said right now, gas demand is unusually spiking and that is playing into the high cost at the pump.<\/p>\n\n\n\n<p>But, Ingram said he does believe gas prices will eventually drop below three dollars again, especially as electric cars gain more popularity.<\/p>\n\n\n\n<p>\u201cThey are going to help soften the demand globally for crude and gasoline,\u201d Ingram said. \u201cThat will help drop prices overtime. If we get this Russia Ukraine situation resolved, where Russia can start selling it\u2019s crude oil to other countries again, that will help a good bit as well.\u201d<\/p>\n\n\n\n<p>Ingram said prices will decrease at a much lower speed than they increase, so this could take time.<\/p>\n<div class=\"post-date no-social-btn post-updated\">Updated on<time class=\"updated dt-updated\" itemprop=\"dateModified\" datetime=\"2022-10-15T16:46:00+00:00\"> 15 October 2022<\/time><\/div><\/div>","protected":false},"excerpt":{"rendered":"Alabama\u2019s gas price average is $3.44 per gallon as of October 14. That is up 13 cents from the week before, but experts with AAA say those prices may start falling again soon. Last week, OPEC announced it was cutting oil production overseas by two million barrels a day starting November 1 and consumers immediately [&hellip;]","protected":false},"author":1,"featured_media":1941,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[17,20,18,36,19],"tags":[],"services":[],"class_list":["post-1940","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-gas","category-headline","category-lastnews","category-news"],"_links":{"self":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts\/1940","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/comments?post=1940"}],"version-history":[{"count":0,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts\/1940\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/media\/1941"}],"wp:attachment":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/media?parent=1940"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/categories?post=1940"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/tags?post=1940"},{"taxonomy":"services","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/services?post=1940"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}