CHICAGO (CBS) — Motorists will continue to enjoy the lower prices at the gas pump.
A couple Chicago energy analysts predicted prices will keep falling dramatically.
In the Chicago area, the average price of a gallon of regular unleaded gasoline was just under $3 as of Monday morning.
“We’re seeing prices as low as the $2.60s for some of the areas – DuPage, Cook County. Some areas outside of Chicago could see prices drop into the $2.30s,” said Patrick DeHaan, senior petroleum analyst for GasBuddy.com. “Northwest Indiana could see prices into the $2.20s.”
Phil Flynn, senior analyst for Price Futures Group in Chicago, said prices in the Chicago area could drop another 25 cents per gallon by the end of the year.
“We’ve already had the biggest drop since 2008, and they look like they’re going to go a lot lower,” he said. “So you’re going to be talking about, very easily, prices near $2.75 a gallon in the Chicago area here pretty soon.”