U.S. gasoline prices are expected to decrease, potentially reaching $3 a gallon in various locations in the coming weeks 

This decline is attributed to a $10 per barrel drop in crude oil futures, driven by economic concerns and decreasing demand 

Lower gasoline prices could have a positive impact on consumers and help mitigate inflation 

However, it might also signal economic weakness, as U.S. government data reveals the lowest seasonal gasoline demand in 26 years 

Prior to the recent drop, gasoline prices had risen by 7.4% in the third quarter, driven by increased crude oil futures following production cuts by OPEC+ members 

Wholesale gasoline prices in the U.S. have seen significant declines, ranging from 6.9% to 10.8% per gallon 

Weak economic data, such as a $5 per barrel decrease in crude oil futures and adverse weather conditions on the U.S. East Coast, contributed to the market's instability 

Demand for motor gasoline products dropped by 5% compared to the previous year, with an average supply of 8.3 million barrels per day 

Gasoline stocks increased by 6.5 million barrels, surpassing analysts' expectations 

Some regions in the U.S., including the Midwest and East Coast, could witness gasoline prices nearing $3 a gallon, with approximately half of the country expected to reach this level by October 31