Gas prices could drop more than 20 cents in the valleyFargo, ND (WDAY TV) -- Gas prices across the Valley could drop more than 20-cents in the upcoming weeks. And for those about to fill up, that could mean big savings, "if" you hit the pumps at just the right time.
By: Kay Cooley, WDAY
Fargo, ND (WDAY TV) -- Gas prices across the Valley could drop more than 20-cents in the upcoming weeks. And for those about to fill up, that could mean big savings, "if" you hit the pumps at just the right time.
After months of highs nearing 4 dollars, gas prices across the region have started to fall.
James Williams, WTRG Economics: "gasoline prices almost always fall before an election statistically"
In Fargo, gas is around 3.57 a gallon, the cheapest people pumping have paid in several weeks.
But for most, price doesn't play a factor.
Diane Kahl/Moorhead: "I would really like to say I was really aware when prices would go up and down but truly not. My car just reminded me I was low on gas."
Barbara North/Fargo: "I just drive the care and put gasoline in it when I need it."
part of the drop comes from decreasing oil prices, that could ultimately take off about twenty cents per gallon, maybe more.
Williams: "if there are lower tensions in middle east, that's absolutely a possibility"
Williams says the best thing to do before filling up is check crude oil prices, for every dollar decrease, gas drops about 2 1/2 cents per gallon.
Williams: "fill up at about your normal time, you know if you're really cutting it close. If you could wait a week, you'll probably be better off"
North: "when it gets down to a quarter of a tank, fill it up."
And both agree the price you'll pay for running out, is not worth the few dollars you'll save at the pumps.
Some places in the metro is selling gas for less than 3-50 a gallon.
Williams says prices should stay low, as long as conflict in the Middle East doesn't rise.