Granholm sees US gasoline prices dropping further, with caveat

U.S. Energy Secretary Jennifer Granholm said gasoline prices should fall further after dropping to less than $4 a gallon for the first time since March.

“We hope that that’s true but, again, it can be impacted by what’s happening globally,” Granholm said on CNN’s “State of the Union” on Sunday.

Prices in the fourth quarter are expected to average $3.78 a gallon, according to an Energy Information Administration outlook. Granholm said that forecast should remain on track barring unforeseen “global events.”