(KILLEEN) The Petronic gas station on Spicewood Drive is selling regular gas for $1.99 a gallon, according to GasBuddy, a website that tracks gas prices nationwide. The average price for a gallon of gas in Texas is $2.48. On Wednesday, a gas station in Oklahoma City became the first in the nation to sell gas for less than $2, a level that most drivers haven`t seen in years. Now, there are three stations in Oklahoma with prices below $2, including one that sells gas for $1.89 a gallon. Gas prices have tumbled this year on the heels of sharply lower crude oil prices. The price of a barrel of U.S. crude oil is down 33% so far this year. The current national average price for a gallon of gas is $2.71, down 56 cents from a year ago, according to data from AAA. That`s the biggest year-over-year drop since 2009 and AAA estimates that drivers are saving $200 million per day as a result. Still, not all Americans will likely see gas prices below $2. That`s because many states have high gasoline taxes. While prices could fall an additional 15 to 20 cents, AAA says oil prices would need to fall another $25 to $30 a barrel for the national average gas price to go below $2 a gallon.
Posted on: Sun, 07 Dec 2014 14:56:41 +0000
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