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Gas prices keep dropping as Christmas approaches
AAA said the low prices have saved drivers more than $115 billion on gas so far this year, or $550 per driver.
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Average retail gasoline prices in Nebraska have fallen 2.3 cents per gallon in the past week, averaging $1.97 per gallon yesterday, according to GasBuddy’s daily survey of 1,150 gas outlets in Nebraska.
According to the Oil Price Information Service, more than two-thirds of gas stations are selling gas for less than $2 a gallon.
Gas prices have inched up in Ventura County and the rest of the state over the past several days while continuing to drop nationally.
He said that it is possible for the national average price to hit $1.85, before it starts climbing again.
Gas prices are moving in lockstep with crude oil, which fell below $35 a barrel on Friday, a seven-year low, as a supply glut continues to tank prices.
The price of gasoline nationwide keeps dropping, just in time for holiday travel.
The $2 price is a milestone, but cheap gas was already available in most of the country.
U.S. refineries produced 9.83 million barrels a day of the motor fuel in November, 2.3 per cent higher than a year earlier, the American Petroleum Institute said Thursday. The Houston area is averaging $1.76 a gallon for regular unleaded, while the statewide average is $1.80 per gallon.
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The national average is at its lowest price since 2009 and is near the $2 per gallon threshold. Unusually warm temperatures have reduced demand for heating oil, and diesel prices have declined along with gas. I can tell you that you’re close to the lowest price in the country. “That’s because demand will begin to climb approaching the spring, as well as federal regulations that require refineries to shift from winter-blend gasoline to summer blend”. The Miami Valley is averaging $1.79 a gallon at the pump. That’s nearly a dollar lower than it was the same time past year.