The American Automobile Association has conducted an analysis regarding American gas pricing and discovered it hasn’t been as low since 2009.
With oil prices hitting an almost seven-year low, it’s no wonder Americans are enjoying cheaper gas and this trend is expected to continue in 2016 as well. AAA says drivers paid an average price of $2.40 per gallon in 2015, representing a decrease of around 94 cents compared to 2014. The difference is obviously in the driver’s pocket as Americans saved more than $115 billion on gas last year in comparison to 2014.
December's national average stood at just $2.01 per gallon and this hasn’t been so low since March 2009. Right now, in most parts of United States gas prices are lower than $2 per gallon and AAA says 16,000+ stations sell gas for less than $1.75. You’ll find the cheapest gas in Missouri ($1.72), while at the other end of spectrum is California ($2.85).
According to AAA, annual average gas prices this year will likely stand at around $2.25 to $2.45 per gallon, so ultimately gas could be even more affordable than in 2015, at least in some states. This is obviously good news for those on the verge of buying thirsty trucks and SUVs, but keep in mind the prices are unlikely to remain at this level for a very long time.