Americans paid an average of $2.40 per gallon for gasoline in 2015, the lowest average since 2009.
The lowest national average fuel price was $1.998 per gallon on December 21, while the most expensive day to buy fuel, which sold for an average $2.804 a gallon, was June 15. Diesel sold for an average of $2.71 a gallon in 2015, also the lowest average since 2009.
Those residing in California paid the highest average for fuel in 2015, with the price sitting at $3.16 per gallon. Hawaii, Alaska, Nevada, Washington and Oregon paid the most for gas in 2015 after California.
If you’re looking for cheap gasoline, moving to South Carolina might be a smart move. That State had an average fuel price of $2.10 per gallon in 2015, while Mississippi, Alabama, Tenessee and Louisiana all follow as the cheapest places to buy fuel.
Currently, gasoline is selling for less than $2 a gallon in 71 percent of U.S. gas stations and AAA thinks that prices will continue to fall. The firm is predicting that the 2016 average will sit between $2.25 and $2.45 per gallon. There is currently a glut of crude oil around the world which is outpacing demand, causing prices to fall.
The drop in gas prices has been fuelling truck and SUV sales, evidenced by the falling national fuel economy average.