Government Predicts Gas Will Soon Drop Below $3/Gallon

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Gas prices are finally starting to fall - and are expected to drop even further, according to a government report.

The U.S. Energy Information Administration says the average price for a gallon of gas will be down to $3.01 by next month - and average $2.88 in the new year.

The estimate is based on increased production and lower costs for barrels of oil.

According to the EIA, gas prices averaged $3.39 nationally in November, the highest level since September 2014. That average was even higher here in LA.

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