Gasoline prices have fallen below $2 a gallon in some parts of the U.S. as the impact of plunging oil prices and reduced driving are finally taking hold, the Associated Press reports.
In Ohio, the Web site GasBuddy.com, where consumers post prices they spot, said a few stations in the Cincinnati suburbs were now charging $1.99 for regular.
The national average for a gallon of regular fell 3 cents overnight to $2.668, according to auto club AAA, the Oil Price Information Service and Wright Express. That’s roughly a dollar less than what was paid just a month ago — and the cheapest since March 2007, the Energy Department said on Monday.
Only three states — Alaska, California and Hawaii — have average prices for regular grade above $3 a gallon, AAA said.
Gasoline prices have been sliding as oil prices have dropped to the lowest level in more than a year, dipping below $62 a barrel at one point Monday. Oil prices have plunged 57 percent from a record $147.27 on July 11.
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5 Responses
Where, where, where? I need to fill up my gas tank!
Why doesn’t YWN publish the lowest gas price in the area? It would be a big help to many.
Rutherford,Nj has 1.99 cash or credit.
On 18th & 60th In Boro Park, BP station regular (87) is at $2.93. Start posting the cheapest is Brooklyn, it will help a fellow Yid.
Of course this has nothing to do with last minute polls and the election. Sure. This is why the Bush ruined the GOP; a lack of trust and respect for the job of public servant.