$2 gasoline: Good times keep rolling at the pump
At some point this will end, perhaps even soon. The price of gasoline will not fall to zero.
But for the first time since 2009, most Americans are paying less than $2 a gallon. Just three months ago, experts were shocked when it fell under $3.
According to fuel forecaster GasBuddy.com, motorists in Michigan are seeing the greatest savings nationwide; on average they’re paying $1.36 less today than they paid one year ago.
On Friday, the average price per gallon of self-serve regular unleaded gasoline was about $1.93.
“It’s crazy,” said Michael Noel, an economics professor at Texas Tech University who studies oil and gasoline prices. “But for consumers it’s very, very good.”
Consumers and the economies of the U.S. and most of the rest of the world are basking in the lowest prices for
Jan 24, 2015