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Economy
First U.S. Gas Station Drops Below $2 a Gallon
2014-12-04
[BLOOMBERG] $2 gasoline is back in the U.S.

An Oncue Express station in Oklahoma City was selling the motor fuel for $1.99 a gallon today, becoming the first one to drop below $2 in the U.S. since July 30, 2010, Patrick DeHaan, a senior petroleum analyst at GasBuddy Organization Inc., said by e-mail from Chicago.

?We knew when we saw crude oil prices drop last week that we?d break the $2 threshold pretty soon, but we didn?t know if it would happen in South Carolina, Texas, Missouri or Oklahoma,? said DeHaan, senior petroleum analyst for GasBuddy. ?Today?s national average, $2.74, now makes the current price we pay a whopping 51 cents per gallon less than what we paid a year ago.?
Posted by:Fred

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