Gasoline futures have been falling since late July, and the decline has accelerated in the past few weeks. So can gas fall more? You bet it can.
As we move into the fourth quarter, we are entering the lowest period for gas demand, seasonally speaking. In fact, demand last week alone fell by 180,000 barrels.
Going back over the past few years, the charts tell a clear story: year after year, prices have declined into the winter. There is now a real possibility that we could see $3.40 to $3.50 on the spot contract very soon.