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Gas prices fall below $2 a gallon on average in the United States

Gas prices fall below $2 a gallon on average in the United States

New York (CNN Business) The average price of a gallon of gas has fallen below $2 in the United States — the lowest price in four years, according to AAA.

The ongoing oil price war between Russia and Saudi Arabia has exacerbated that decline.

Today, drivers can find a gallon of gas for $1.99 or less at roughly 70% of US gas stations, AAA said.

“This is unprecedented,” Tom Kloza, head of energy analysis for the Oil Price Information Service, told CNN Business at the time.

AAA said in a press release Tuesday that it expects gas prices to fall to $1.75 or less in April.

Not even two weeks ago , the price of a gallon of gas was $2.19, but could be purchased for $2 or less in about a dozen of states.

Kloza, however, predicts they will continue to drop beyond that, to between $1.25 to $1.50 per gallon in the next few months.

This article was summarized automatically with AI / Article-Σ ™/ BuildR BOT™.

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