Energy Department Slashes Prediction for Next Year's Gasoline Prices

The Energy Department has again slashed its prediction for next year's average price of gasoline across the U.S., this time to $2.60 a gallon. That's 23% below the projected average for this year and the lowest since 2009. If that comes to pass, the price drop will save U.S. drivers $100 billion over the course of the year. The Energy Department cut its gasoline price forecast for 2015 by 35 cents a gallon, in its most recent short-term energy outlook that was released Tuesday. It was the second cut of more than 30 cents a gallon in two months. The average national price of gasoline fell to $2.66 a gallon Tuesday, according to AAA, 61 cents less than last year. The national average has fallen every day since September 26.