Get ready to pay less for gasoline.
"We could be looking at prices in the coming weeks of about $3.25, which are about ten cents cheaper than they are right now," Don Redman with AAA told WWL First News.
After going up, then coming back down, then moving back upward again, gas prices appear to be leveling off and edging back down.
That's a good thing, right? Eh... maybe not.
"The only thing that's going to be driving these prices down is a lessening of demand. And we're starting to see that, we're starting to see demand drop for fuel prices, but some of that is falling because of a worry about the economy."
Falling demand for fuel is an economic indicator that a recession could be right around the corner.
"Anytime an economy slows down, so does the demand for energy. So, yes we may see those prices coming down. But it also may be an indication that the economy is struggling as well, so we may keep an eye on that."
Redman says the economic condition is similar to the 2008 at the start of the Great Recession.
"So even though the gas prices were low, there was just no demand because the economy was in the tank. So, I think that's something we need to watch out for and I know that's certainly what the energy industry is looking for is those signs from the market as to… …are we entering different financial times that would cause those prices of crude to just collapse."
