Gas Prices Falling

MEDFORD, Ore. — Gas prices have been dropping across the nation, and are expected to drop even more. The national average price for regular gas is down to $3.47 cents a gallon; that’s down more than 25 cents since late October.

It is due in part to a combination of Superstorm Sandy cutting into demand and crude oil prices declining. Officials say this is the sharpest drop since 2008 and predict prices will drop another 10 to 20 cents over the next few weeks.

In Oregon, prices have significantly dropped in the last week. As of Monday morning it was $3.72, down 13 cents from last week. In Medford-Ashland its at $3.70, that’s a drop of 16 cents in just a week.