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Gas falls to $2 a gallon nationwide

Drivers continue to benefit from noticeable yearly savings and are saving 57 cents per gallon versus this same date previous year.

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Suddenly gas at 2 dollars a gallon seems unreasonably expensive.

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The average driver buys about 11 gallons of gas a week, which means they’ll spend $1,400 at the pump this year, down from $1,950 in 2014.

Now over two-thirds of gas stations are selling gasoline at $1.99 or less.

Even the national average is one cent away from dropping below $2 a gallon.

Low gas prices have saved the average driver about $540 this year, according to Kloza.

AAA Northeast is a not-for-profit auto club with 61 offices in Rhode Island, Massachusetts, Connecticut, New Jersey, New Hampshire and NY providing more than 5.1 million local AAA members with travel, insurance, finance, and auto-related services. The statewide average is now $1.79 and prices are expected to continue their decline through the start of 2016, due to an abundant supply domestically and less people driving during the winter months. The price in gasoline marks a 64 cent decrease from previous year.

The national average for diesel fuel fell 4 cents the past week to $2.33, defying the typical seasonal pattern. The increase didn’t stop until July 17th’s high of $4.23/gal (average). A strong U.S.jobs report has contributed to rumors that the Fed may increase its rate for the first time since 2008, which could further impact the global oil market.

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Commentary around the future of oil prices has been mixed with some analysts calling for a stabilization and eventual rebound in prices while others think crude is heading to $20 a barrel or lower.

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