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Wednesday, December 03, 2014

8 States Where Gas will Drop Below $2

Experts have already begun to mention the chance that the average price for a gallon of regular gas will drop below $2 in some parts of America. There are several states where this is highly likely. As a matter of fact, the prices in these states could drop below $2 as early are the start of next year

Most of the states likely to post sub- $2 gas have three things in common. These are the general drop in oil prices, proximity to large refineries, and low state gas taxes.

The first among these has already begun to have an out-sized influence. Oil has fallen below $66. Just five days ago, the price was nearly $80. In late June, it was close to $100. If oil stays below $70, it could knock $.20 to $.30 off the average price of a regular gallon of gas nationwide by itself, if the evidence of the last month as an indication. Over that period, the price of gas nationwide has dropped from $3.03 to $2.79, according to Gasbuddy.

The eight states were gas prices are likely to fall below $2 are Mississippi, Alabama, Louisiana, Texas, Oklahoma, South Carolina, Missouri, and Tennessee.

Several of these are either on the Gulf of Mexico or states adjacent to ones that are. Each already has gas prices below $2.60. In all but one, the price has continued to fall over the last several days.

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5 comments:

Anonymous said...

We should be paying ZERO to these saudi scum.

Anonymous said...

It could go back to 50 cents for all I care.

Anonymous said...

Just wait. Gas taxes will be rising soon. State and Federal.

Anonymous said...

Every time something like this happens we don't learn the "back story" until later when the plot of the plan hits us up side the head. DUCK!! Beware of government baring gifts.

Anonymous said...

I notice these are most of the moocher states that take more in federal dollars than they pay in. Maybe they should add a gas tax and stop taking from us.