Drop in oil prices might mean cheaper gas prices - KMOV.com

Drop in oil prices might mean cheaper gas prices

(KMOV) -- A recent drop in oil prices might mean drivers will be paying less at the pump.

Oil prices fell to $70/barrel on Monday, the lowest price of the year. That's down 20 percent from the 18 month high set just two weeks ago. This drop might be a sign of cheaper gas prices in the near future.

As of Monday night, gas is selling for around $2.87 per gallon, which is consistent with prices across the country. Normally, St. Louis gas prices are about a dime less than the national average.
 

 

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