Oklahoma drivers just got something to be cheery about. The gas price has dropped to $1.99 per gallon as of today. The OnCue Express from Oklahoma City has dropped the gas price by 12 cents, making it the cheapest gas station in the US.
This is the first time in four years that that Americans can buy gas for less than $2 a gallon.
As of today, the US average gas price stood at $2.75 a gallon, the lowest since 2010.
One the AAA representatives said about the Oklahoma gas price that:
“Gas prices have fallen at a remarkable pace that would have been unthinkable just a few months ago. Lower gas prices represent real doorbuster savings as everyone begins their holiday shopping.”
He added that the US could witness gas price dropping as low as it had been in the Great Recession. He said that this will happen if the cost of crude oil will continue to set multilayer lows. He explained that in order for the national average gas price to drop below $2, the price of the crude oil must fall to an at least $25 a barrel.
GasBuddy says that the national average of the gas price could fall under $2.50 by December 25 and some American states are expected to lower their gas price lower that $2 a gallon. GasBuddy said that states like Missouri, South Carolina and Texas are likely some of the first states to lower their gas price.
GasBuddy representatives said:
“Today’s national average, $2.74, now makes the current price we pay a whopping 51 cents per gallon less than what we paid a year ago, and 24 states are seeing even greater differences between today’s and year-ago prices.”
Following the Oklahoma gas price decline, here are the states with the lowest gas price in the United States:
South Carolina: $2.19
New Mexico: $2.27
Here are the states with the highest gas prices in America:
New York: $3.15