gas prices
gas prices Articles
GasBuddy has projected that this year's lowest national average gasoline prices will come this month, before maintenance and upgrades begin for some refiners in February.
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As oil prices fall, and refinery capacity stays strong, the price of gas could reach $1 a gallon in some areas, a level last reached in 1999.
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Not since January 2009 has a gallon of gas cost less than $2 a gallon on the first working day of the year.
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Gasoline prices ended the year at $2 per gallon, the second lowest price in a decade. The benefit to consumers was huge.
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AAA and GasBuddy, two organizations that follow gas prices, say that gasoline prices below $2 will be routine around the United States.
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U.S. commercial crude inventories decreased by almost 6 million barrels last week, according to the EIA.
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The U.S. average price for a gallon of regular gasoline on Tuesday was $2, about a penny a gallon more than Monday's average.
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The average national price for a gallon of regular gasoline reached $1.99 for the first time since 2009. The primary engine for the drop is collapsing oil prices which have fallen under $36 a barrel....
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The national average price for a gallon of regular gasoline has fallen to $2.01, as oil prices have plunged below $36.
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At the rate that crude prices have fallen in just the past couple of days, the odds improve every day that some lucky consumers will be paying closer to $1 a gallon for gasoline.
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The U.S. average price for a gallon of regular gasoline on Monday was just a fraction of a cent higher than the lowest average price for the year to date.
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In some gas stations around the country, the price of a gallon of regular has dropped below $1.50.
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Organizations that follow gas prices say that less than $2 a gallon gas will be routine around the United States. Already, more than a third of states have prices below $2.
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A week ago the forecast for the average price of a gallon of regular gasoline in the United States was $1.99, the lowest price for gas at any time in more than six years.
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The average price of a regular gallon of gasoline is forecast to fall to $1.99 in the U.S. by Thanksgiving Day.
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