Economist Hugh Johnson On Oil Prices
Crude oil's global collapse is now expected to soon push the national average U.S. price for gasoline below $2 a gallon for the first time since early 2009.
Nationally, regular unleaded gasoline currently averages about $2.12 a gallon, down 46 cents from just four weeks ago and $1.01 cheaper than year-ago levels. Gas prices are also expected to fall more than previously forecast for the full year.
To talk about plummeting gas prices, we welcome economist Hugh Johnson of Hugh Johnson Advisors for his thoughts on what is happening with gas and oil prices.