Gas Prices Hit Five-Year Low

Don't worry too much about the drive back from Grandma's house this holiday season: As long as the weather holds, gas prices will remain at historic lows.

In fact, this Friday the national average for gas hit a 58-month low — that's nearly five years since this country saw gas prices so cheap. Today, gas had reached a national average of $1.64 a gallon, with crude oil prices hovering at just over $40 per barrel. Few expect a more rapid downward trend, however, even as the economy slows further.

Gas Prices Drift to a 58-Month Low; Oil May Continue Price Drop (USA Today)

Comments

What a refreshing change. Usually gas prices are inflated for the holidays. So even if these are inflated prices, still sooo cheap, let's enjoy it will it lasts.

The gas station down the street from me was selling 87 octane for $1.399 last week. And they ran out of 87 octane, so they were selling 92 octane for the price of 87.

My GTO ate it up.

Liger,
What station does that? It never happened around here. :(

I just filled up my tank at $1.25 per gallon. (I live in St. Louis)

I was at St. Louis 2 weeks ago, and it was 1.59. They dropped another 35 cents in 2 weeks?!