February 08, 2016

Gas prices in the USA could drop toward $1 a gallon

Gasbuddy.com is showing gasoline prices in the USA are below $1.18 in some areas.

As oil prices fall, and refinery capacity stays strong, the price of gas could reach $1 a gallon in some areas, a level last reached in 1999. As a matter of fact, the entire states of Indiana, Kansas, Missouri, Oklahoma, Ohio and Michigan have gas prices that average at or below $1.50.

The odds grow each day that gas prices will be $1 a gallon in some areas in the United States, particularly those where prices are already close to hitting $1.40 — and falling.

SOURCES - Gas Buddy, USA Today

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