Lower fuel prices are on the horizon as the cost of oil continues to decline.
Brent crude futures fell below US$86 a barrel on Monday, after Goldman Sachs cut its price forecasts for U.S. oil in the first quarter of next year by $15.00.
The American investment bank, in a research note on Sunday, cut its forecast for West Texas Intermediate to $75 per barrel, from $90, and Brent to $85.00, from $100.00, with rising production in non-OPEC countries outside North America expected to outstrip demand.
The bank expects Brent to hit $80 in the second quarter of 2015, when it expects oversupply to be most pronounced.
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