Lowest Gas Prices Since 2009 Coming Soon
The average price of an gallon of gas is $2.13 according to AAA. It went down 75 cents in the past year. This means that consumers will save about $7 billion on gas during the 37 day period between now and Christmas. This averages to about $40 per driver. At 44% gas stations in the nation have gone down below two dollars a gallon. Prices are below $1.59 a gallon in states such as Ohio, Texas and Oklahoma. Oil prices have fallen below $40 a barrel for the first time since August. The slide has been cause by a glut of oil thanks to record US production, and the demand in Asia and Europe due to economic weaknesses.
This is important because pretty much half the class drives and we don't have a lot of money to be spending on gas. With low gas prices, we will be able to actually fill our cars instead of just putting in a small amount that's worth $20 or so. Almost every American that is of age, drives cars that rely on gas. This will help our economy very well.
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