Gas Prices Falling: Could Drop as Much as 50 Cents a Gallon

Paula Faris discusses a new prediction about the price of gasoline.
3:00 | 10/22/12

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Transcript for Gas Prices Falling: Could Drop as Much as 50 Cents a Gallon
We're beginning with gas prices. A new prediction that could fall from 50 cents per gallon. Questions now, why? And which states, abc's paula faris is here with answers. Good morning to you. Good morning to you, josh. Help is on the way. Just in time for the early holiday season. We're expecting gas to fall roughly kraft cents per gallon. Look what the folks have been paying for, $3.66. That could go down. You want to know why, two main reasons, economic supply and demand. Lower demand and winter blend. You may not get as much as from say the summer blend. Who is going to feel it the most? States like alaska and california and new york. Relief is on the way. Definitely, josh, some welcomed news for all of us as we enter into the holiday season. Indeed. Paula faris thank you for that. Developing story overseas. Authorities say the 11 suspects

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