High Gas Prices Expected to Drop Soon

Relief in sight for families feeling the pinch at the gas pump.
3:00 | 09/04/12

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Transcript for High Gas Prices Expected to Drop Soon
political stage to the family budget and the price of gasoline. If you were one of the 33 million americans who hit the road this holiday weekend, you felt it. The price of gas at a record high tonight. The average price $3.84 a gallon. That's up 7 cents in a week. But we were told today that relief is in sight. And soon. Abc's alex perez now on when it will drop and how much. Alex? Reporter: Diane, here at the chicago gas station, they're paying 85 cents more than the national average. It's a sight being seen across gas stations across the country. The average price is up 17 cents from last year. Prices were inching up when the hurricane forced the gulf coast to shut down but there's good news, with operations, our experts believe relife is coming our way with the end of the summer driving season and a cheaper winter blend, our experts predict by thanksgiving, average gas prices will drop to about $3.25 or $3.50 a gallon. A big improvement from the $3.84 average we are seeing today. And there is immediate relief in sight. Aaa believes prices could be up pre-hurricane isaac levels by next week.

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