Missouri Sees $1.98 Per Gallon of Gas, U.S. Average Continues to Plummet
Cory Doyle | | Dec 27, 2014 08:50 PM EST |
(Photo : AP Photo) "The steady decline in gas prices this autumn is unlike anything we have previously tracked," an AAA spokesperson said.
The U.S. nationwide average gas price continues to plummet and Missouri is the first state to see an average rate of gas below $2 per gallon since 2009, according to travel organization AAA.
As of Friday, the national average price for gas was at $2.32, which AAA spokesperson Michael Green said is the lowest nationwide average since 2009.
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The price has now consistently decreased every day over a 92-day period, marking it the longest streak since AAA began keeping track of records in 2000, according to a report by the Associated Press. The plummet first began Sept. 25 and prices have now decreased by an average of $1.02.
"The steady decline in gas prices this autumn is unlike anything we have previously tracked," Green said.
Additionally, Missouri is now seeing an average statewide gas price of $1.98, marking the lowest average in the U.S. Although the 18th populous state is currently the only one with an average below $2, Oklahoma is following close behind with an average of $2.01 per gallon and is expected to drop below the price point within the next couple days.
Other states are also following close behind with Kansas seeing an average rate of $2.06 per gallon, while Texas and Indiana both have a statewide average of $2.09. Although the plummet could only be short term, a decrease in gas prices is expected to continue.
Green mentioned that consumers could potentially see another 5 to 10 cent decrease per gallon heading into the New Year compared to prices today, which would be the lowest New Year's price per gallon since 2008.
Reports are also showing the gas plummet having a positive effect on the economy.
"A government report earlier this week said the economy has been benefiting from sinking energy prices, and that cheaper gas has freed up money for Americans to spend on other items, such as cars, clothes and appliances," AP reports.
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