Friday, December 26, 2014

Gas Prices Fall Record 88 Days, Lowest Since 2009

Just in time for the holidays, gasoline prices have now fallen a record 88 straight days and have plummeted to levels not seen since 2009, AAA says.
AAA said Monday that it is the longest consecutive streak that it has ever recorded. The last time that gas prices fell on such a sustained basis was 86 days in 2008, as the recession took hold.
Since starting their fall on Sept. 25, gas prices haven fallen to an average of $2.39 a gallon nationally, down 85 cents from a year ago. Some stations around the country have been selling gas for less than $2 a gallon, reports. AAA, the organization once known as the American Automobile Association, says the cheapest state for gas is currently Missouri at an average $2.07 a gallon. Prices could go lower.
"It's probably going to continue for the next four or five days," says Tom Kloza, global head of energy analysis for the Oil Price Information Service. "Somewhere between now and the Martin Luther King weekend, we bottom out on gas."
As a result, AAA is predicting record travel during the holidays. It says 98.6 million Americans will travel 50 miles or more from home.
Read the rest of the story HERE and view a related video below:

If you like what you see, please "Like" us on Facebook either here or here. Please follow us on Twitter here.

No comments: