- The Washington Times - Tuesday, December 1, 2015

The average retail price of gasoline in the United States has dropped for 25 consecutive days, AAA reported Tuesday, and the motor club expects gas stations will continue to slash prices through 2015.

Nationwide, the average cost of a gallon of regular unleaded gasoline currently clocks in at about $2.038, or roughly 6.7 percent less than the mean price one month earlier, according to AAA’s figures.

Patrick DeHaan, a senior petroleum analyst at GasBuddy.com, blogged on Monday that gas prices in the U.S. “now stand within a penny of hitting their lowest levels since the Recession.”

Retail prices have been steadily on the decline since early November, and unleaded fuel can now be purchased at an average cost of under $2 per gallon in 21 of the 50 states.

Gas prices during Thanksgiving this year were the lowest on average since 2008, and had been expected to put more than 46.9 million Americans into cars last weekend for holiday travel — the most since 2007, according to AAA.



“The low price of oil is delivering the best gas prices in years,” AAA spokesman Mark Jenkins said Tuesday. “Motorists are now saving an average of $18 for a full tank compared to two years ago when prices were above $3. These savings couldn’t come at a better time, as Americans allocate money for holiday shopping and travel.”

Mr. DeHaan agreed, saying the lower prices would likely result in more shopping trips during the holiday season.

“It certainly should be a busy one on the nation’s roads,” he said, predicting gas prices to remain at less than $2 a gallon through mid-February, when prices historically tend to surge as winter weather come to an end.

For now, GasBuddy puts the average cost of gasoline in the D.C. region at $2.28 per gallon, well above the national average but a far cry from the $2.81 per gallon costs Hawaii residents are witnessing this week.

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