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U.S. Fuel Prices Drop to 6-Year Low
The average price of a gallon of regular-grade gasoline in the U.S. starts this week at $2.16, its lowest price since 2009, according to the AAA Daily Fuel Gauge Report.
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The average price of a gallon of regular-grade gasoline in the U.S. starts this week at $2.16, its lowest price since 2009, according to the AAA Daily Fuel Gauge Report. Prices over the past week fell as much as 18 cents in Indiana, Michigan and Ohio.
AAA predicts the nationwide average will drop below $2 by mid-December. Current prices already are under $2 in 11 states, led by South Carolina at $1.91. The highest averages currently are in Hawaii ($2.86) and California ($2.80).
AAA says continued high inventories of petroleum, coupled with the strong dollar and sluggish global economic growth, are likely to keep prices low well into 2016.
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