Gas Prices Continue To Drop

By Marcus Gilmer in News on Oct 23, 2008 3:50PM

With the price of oil at $67 a barrel, gas prices continue to drop, down to an average of $3.22 per gallon here in the Chicago area and they could reach as low as $2.80 a gallon here and $2.50 nationwide by the end of the year. But prices might not drop much further as OPEC is looking to take as many as two million barrels per day off the market to slow the current trend. And even though the recent dramatic price drop has resulted in an almost $125 billion surplus among Americans, it's not necessarily a sign of an improving economy as Americans continue to see the Dow roller coaster and fear layoffs and the obliteration of retirement funds. Sigh...