Business

Get Pumped! Gas Drops Below 2 Bucks A Gallon

Scott Cook Contributor

You can finally buy a gallon of gas for less than two dollars again.

CNNMoney reports that the national average price for a gallon of gasoline currently stands at $2.11. However, at most stations across the country, prices have dipped under $2 for the first time since 2009.

According to the Oil Price Information Service, a system that tracks the 130,000 AAA gas stations across the country, 52% of stations offer gas for less than $2 a gallon. Already, 20 states have an average gas price below the $2 mark. Outlier states such as New York, Pennsylvania, California, Alaska, and Hawaii inflate the national average.

Gas prices are expected to continue falling, as OPEC continues pumping large quantities of crude oil. Oil production in the United States has also been steadily increasing, adding to the falling costs.

Tom Kloza, chief oil analyst for the Oil Price Information Service, says he expects the national average to fall below $2 sometime next week. Gas prices have dropped more than $1.20 in the last year.

Missouri has the lowest average gas prices at $1.74 a gallon.