(WANE) Gas price web site GasBuddy.com reports that more than half of all gas stations in the United States are selling regular unleaded for less than $3.00 a gallon. The last time that happened was December of 2010. GasBuddy provides the prices for wane.com’s Gas Gauge.
GasBuddy reports that of more than 133,000 gas stations from which it gathers retail price data via crowd-sourcing, the ‘tipping point’ in this year’s autumn price decline was reached over the weekend.
“It may seem difficult to believe but gasoline below $3 per gallon can now be found at stations in 47 states,” said Patrick DeHaan, senior petroleum analyst with GasBuddy. “With multiple factors pushing retail prices lower in most parts of the country, we expect we’ll see the national average fall below $3/gal before Halloween.”
On MOnday there there were 19 states where the average price of gas is under $3 per gallon.
The lowest priced metro area in the U.S. today is Chattanooga, TN where the average today is $2.66. The lowest priced gas in the entire country is found at an Exxon in Memphis, TN where the price is $2.39 a gallon.
“Global crude prices continue to decline and West Texas Intermediate (WTI) has slipped below $80 per barrel,” added Gregg Laskoski, another GasBuddy senior petroleum analyst. “But, all good things come to an end… EPA mandates for ‘summer blend’ gas ensure that prices will climb back up in the new year.”