Gas Prices Slip Below $2, but Will the Trend Continue?

What's Hot


The Most Sinful City in the U.S. Is … (Hint: It’s Not Vegas)Family

How a Mexican Tariff Will Boost the Cost of 6 Common PurchasesFamily

This Free Software Brings Old Laptops Back to LifeMore

How to Protect Yourself From the ‘Can You Hear Me?’ Phone ScamFamily

Report: Walmart to Begin Selling CarsCars

Is Your TV Tracking You? Here’s How to Tell — and Prevent ItAround The House

Trump Scraps FHA Rate Cut — What Does It Mean for You?Borrow

Where to Sell Your Stuff for Top DollarAround The House

11 Staging Tips to Help You Get Top Dollar When Selling Your HomeAround The House

8 Tuition-Free U.S. CollegesCollege

10 Overlooked Expenses That Ruin Your BudgetFamily

4 Car Insurers That Might Raise Rates Even When the Accident Wasn’t Your FaultCars

How to Invest If Trump Kills the ‘Fiduciary Rule’Grow

20 Simple Hacks to Make Your Stuff Last LongerAround The House

12 Surprising Ways to Wreck Your Credit ScoreBorrow

More than two-thirds of U.S. gas stations already are selling gas for less than $2 per gallon. Find out whether prices will remain low in 2016.

The average national gas price fell below $2 per gallon today for the first time in nearly seven years.

The American Automobile Association reports that the last time the national average was $1.99 was on March 25, 2009.

Compared with one year ago, the national average is down by about 41 cents.

More than two-thirds of U.S. gas stations now are selling gas for less than $2 per gallon, and at least one station in 47 states is selling gas for less than that.

The states with the cheapest averages are:

  • Missouri ($1.77)
  • Oklahoma ($1.78)
  • South Carolina ($1.78)
  • Tennessee ($1.79)
  • Kansas ($1.79)

AAA attributes the low prices to the world having “more than enough” oil and gas supplies to meet the current demand, and to a seasonal price dip through early winter that is associated with less driving and less fuel use this time of year.

Additionally, Marshall Doney, AAA president and chief executive, says:

“The best news of all is that there is room for prices to drop even more in the coming weeks.”

AAA reports that prices will likely remain low through January thanks to seasonal trends, and could fall further if the cost of crude oil remains weak.

Prices could increase by 50 cents per gallon by late winter, however, as more refineries conduct maintenance ahead of the busy summer driving season, which reduces fuel production.

For 2016 as a whole, though, AAA predicts relatively low prices:

Despite the expected seasonal increase, the national average price of gas may not rise above $3 per gallon in 2016 because oil should remain abundant and relatively inexpensive.

CBS News reports that in the Dallas/Fort Worth area and California’s Silicon Valley, some drivers are saving money on gas by using an on-demand gas delivery service

The company behind the service, called Booster Fuels, operates trucks that bring gas to customers’ vehicles and fuel them up while customers are at work, usually for 5 cents less per gallon than local gas stations charge.

Have lower gas costs changed your spending habits this year? Let us know how below or on Facebook.

Stacy Johnson

It's not the usual blah, blah, blah

I know... every site you visit wants you to subscribe to their newsletter. But our news and advice is actually worth reading! For 25 years, I've been making people richer without making their eyes glaze over. You'll be glad you did. I guarantee it!

💰🗣📰

Read Next: Year-End Review: 10 Tips to Cut Car Insurance Costs

Check Out Our Hottest Deals!

We're always adding new deals and coupons that'll save you big bucks. See the deals to the right and hundreds more in our Deals section.

Click here to explore 1,848 more deals!