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SOUTH BEND, Ind. – A petroleum analyst spoke to ABC57 about plummeting gas prices in South Bend and how this is affecting oil production.
Regular unleaded gas in Michiana is now in the range of a dollar per gallon, and it could become cheaper in the near future.
Allison Mac, a petroleum analyst, said that you can expect the price to average out at a dollar per gallon for the time being.
“At this rate, prices are going to drop below a gallon in the South Bend area and I’m sure there are gas stations there pretty close a dollar a gallon,” Mac said. “But I think the average price is going to get pretty much below a dollar a gallon at this rate.”
Although gas prices have plunged to their lowest since 1983, oil production has not experienced any kind of decrease.