Gasoline price continues to tick down again after rising all last week, poised to continue to slide with $1.50 in sight

The AAA Daily Fuel Gauge Report national average retail price for a gallon of regular unleaded gasoline declined to $1.663. That is only slightly higher than its trough price last week of $1.660.

January RBOB unleaded gasoline futures are at $0.8890, indicating that retail prices are headed for $1.48 to $1.53 within a few weeks, about 15 cents below the current price level.