As of Monday, 28 states nationwide were selling regular gasoline for under $2.00 a gallon. In the last two weeks, prices have fallen 13.3 cents to a new low since April 2009. The national average stands at $2.07. However, analysts suggest the months-long decline may be near its end.
Survey publisher Trilby Lundberg notes the drop in prices has been less steep that in previous periods and the price wholesale customers have been paying has actually increased in the last ten days. The trends suggests the “bottoming-out or increase in retail gasoline prices could be looming.”
Lundberg says,
The street price crash is either coming to an end or is already at its bottom.”
Gas prices have saved American consumers a large amount of money this year.
Read more here- “US Gas Prices Fell 13 Cents Per Gallon But Expected to Rise,’ (The Associated Press, The Washington Post)
Olivia is a graduate of Villanova University where she studied Economics and History, minoring in Gender and Women's Studies. She also has experience working with federal legislatures on health care policy, women's issues, and Internet safety.
