Displaying 30+ Stories

Oil, Gas Prices Plummeting, Could Go Even Lower

10-28-2014
3862468369001
NewsBlock_9AM_102814_HD1080_964.142_990.244

The latest forecasts on the price of oil in 2015 predict substantial drops in both the first and second quarters.

Goldman Sachs says crude oil could go as low as $70 a barrel in the first half of the year, lowering costs at the pump.

Oil prices have fallen sharply over the past few months.

After hitting nearly $108 a barrel mid-summer, it's fallen to around $80 now, which has also brought a steep drop in gasoline prices.

AAA reports a national average of $3.03 a gallon, the lowest price in four years.

Seventeen states even dipped below the $3 line. AAA said this could become commonplace.

Did you know?

God is everywhere—even in the news. That’s why we view every news story through the lens of faith. We are committed to delivering quality independent Christian journalism you can trust. But it takes a lot of hard work, time, and money to do what we do. Help us continue to be a voice for truth in the media by supporting CBN News for as little as $1.