CHICAGO (CBS) — With gas prices at lows we haven’t seen in seven years, one analyst said drivers should buy now, because prices are likely to go back up soon.
The last time the national gas price was less than $1.80 was January 2009, near the end of the Great Recession.
Patrick DeHaan, senior petroleum analyst at GasBuddy.com, said Chicago’s average price per gallon is lower than the national average, at $1.77, but that’s not likely to last long.
“This is somewhat uncharted territory for Chicago, being under the national average for consecutive days. That’s the biggest deal here, is this is not something that we have seen at the pump in Chicago in probably a decade or so,” he said.