First let's celebrate another week of lower gas prices than the week prior as the average in the state of Maine is at $3.92.

A check with Gas Buddy for Bangor area has the lowest at $3.57 and lots of stations at about a dime or so more per gallon.

Average in the country is at $3.71 compared to a month ago when it was $4.53. 82 cents less per gallon. All good.

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Another Favorable Prediction

Another prediction is that gas prices will continue to go down in the weeks to come until we get lower than $3 a gallon.

And an even more optimistic prediction from AAA.

This fall the national gas price average could drop to $2.40 per gallon or lower.

Wow.

What goes up, must come down.

Unless a tropical storm kicks up in the Gulf of Mexico, heaven forbid.

Hurricane season doesn't end until November 30th but the peak of what has been a quiet season this year ends at the end of September.

However, if a storm hits and slows production in the gulf, prices will immediately shoot back up to $5 a gallon.

Ouch. That would hurt the psyche, not to mention the pocketbook.

Horizontal shot of someone's hands holding money at the gas pump
Getty Images
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On Newsnation,, DanRocatto, an economy expert said

The refineries right now are working at 100%. They’re maxed out. So if we get a storm…Hold on, because prices are headed up.

Here is hoping with all hope that in the next 2 to 10 weeks the Gulf of Mexico is smooth as glass.

Photo by Christina Lee on Unsplash
Photo by Christina Lee on Unsplash
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LOOK: See how much gasoline cost the year you started driving

To find out more about how has the price of gas changed throughout the years, Stacker ran the numbers on the cost of a gallon of gasoline for each of the last 84 years. Using data from the Bureau of Labor Statistics (released in April 2020), we analyzed the average price for a gallon of unleaded regular gasoline from 1976 to 2020 along with the Consumer Price Index (CPI) for unleaded regular gasoline from 1937 to 1976, including the absolute and inflation-adjusted prices for each year.

Read on to explore the cost of gas over time and rediscover just how much a gallon was when you first started driving.

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