Gas prices in all states will fall below $ 2 per gallon

Photo: depositphotos

In 2008, a barrel of oil cost $ 140, and this led to gasoline prices above $ 4 per gallon (3,8 liters) in most parts of the country.

At the moment, oil prices are around $ 50 per barrel.

Therefore, due to the global fall in oil prices, and also because of the general decline in this industry, gasoline prices for consumers are likely to continue to fall, writes Time.

As of September 12, the average price for gasoline in the United States was $2,18, which is 18 cents lower than the same period a year ago. Still, that's 5 cents higher than the national average gasoline price a month ago and 50 cents higher than the lowest price of 2016—$1,7 a barrel in February (then the price was under $30 a barrel).

Despite the fact that gasoline prices typically rise in spring and summer, forecasts for autumn and winter promise a decline, and the 2016-2017 winter will have record-low fuel prices.

According to GasBuddy, in 9 US states, the average price of gasoline is always less than $ 2 per gallon. These states include South Carolina, Alabama, Mississippi, Texas, New Jersey, Louisiana, Tennessee, Virginia and Oklahoma.

Moreover, analysts predict that within a month, average gasoline prices in most states will drop below $2 per gallon. And even states where gasoline is traditionally expensive—Hawaii and California—pressured by the national decline will lower gasoline prices to general levels by the end of November.

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