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Gas prices dip below $2 and will stay low for holiday travel
Average retail gas prices in Yakima rose nearly two cents a gallon in the past week, online market tracking firm GasBuddy.com reported Monday.
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The average price for gas in Miami-Dade is $2.14 a gallon, a difference of 2.7 cents from last week’s average, according to GasBuddy.
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The average price is 10 cents more than one week ago, 2.9 cents higher than one month ago and 8.4 cents greater than one year ago. More than 91 million Americans plan to take advantage of cheaper gas prices to drive 50 miles or more during the upcoming holiday period. “And that is down from about $2.21 a week ago, and if you consider a year ago, it was $2.94, so that’s definitely a big drop in a year”.
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The price of gasoline nationwide keeps dropping.
Alaska- $2.32/g, down 1.6 cents per gallon from last week’s $2.34/g.
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.
“We have witnessed a dramatic shift in gas prices that has saved families hundreds of dollars so far this year”, Doney said. The best news of all is that there is room for prices to drop even more in the coming weeks..
And virtually every state had some stations already selling gas for less than $2.
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More than 90 percent of holiday travelers are expected to be on the road. The average in Kalamazoo is $1.79. Average state and metro prices can be found on AAA’s Daily Fuel Gauge Report website.