U.S. average gas prices dropped below $2 per gallon for the first time since March 25, 2009, according to AAA. The national average price of gas is $1.998 per gallon.
More than two-thirds of U.S. stations already are selling gas under $2 per gallon, and drivers can find at least one station selling gas for less than that price in 47 states. The most common price nationwide is $1.899 per gallon. The national average price of gas is about 41 cents less than a year ago.
Based on normal seasonal trends, gas prices likely will remain low through January, and could drop even further if the cost of crude oil remains weak. By late winter, gas prices may rise 50 cents per gallon or more as refineries conduct maintenance in advance of the busy summer driving season. The maintenance reduces fuel production and typically leads to higher gas 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.
