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Gas drops below $2 in metro, but may have hit bottom

FARGO - It's a happy new year for drivers in the metro area, with gas prices at several stations dipping below the $2 mark. On Wednesday, at least six stations were selling a gallon of regular gas for $1.99, and the price at Costco in West Fargo ...

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FARGO – It’s a happy new year for drivers in the metro area, with gas prices at several stations dipping below the $2 mark.

On Wednesday, at least six stations were selling a gallon of regular gas for $1.99, and the price at Costco in West Fargo was $1.97, according to GasBuddy.com, an aggregator of fuel prices.

The area’s average price for the day was $2.11 per gallon, which was the low for 2014, the website said.

However, Patrick DeHaan, a senior petroleum analyst for the site, is predicting the recent dive in prices may be coming to an end.

“The price is probably close to bottoming out here,” DeHaan said. “We may hold at these levels for a few weeks.”

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But he expects that by late winter or early spring, local prices will reach $2.50 or higher.

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