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Falling gas prices saving Americans $225M every day, analyst says

Brian C. Rittmeyer
By Brian C. Rittmeyer
1 Min Read Dec. 24, 2018 | 7 years Ago
| Monday, December 24, 2018 9:45 a.m.
Gas prices are continuing to move lower across much of the country as oil prices continue to melt away, said Patrick DeHaan, head of petroleum analysis for GasBuddy.

“Thirty-one states now are seeing at least one price under $2 per gallon while the most common price seen across the land has dropped to $1.99 per gallon, with over a quarter of stations in the U.S. under that psychologically important level,” he said. “Americans are spending $225 million less every day on gasoline than they did some 75 days ago.”

In Pittsburgh, gasoline prices have fallen 6.2 cents per gallon in the past week, averaging $2.58, according to GasBuddy’s daily survey of 731 stations. That’s higher than the national average of $2.31, which is down 5.9 cents per gallon from last week.

Prices in Pittsburgh are 23.8 cents per gallon lower than a month ago, and 16.5 cents per gallon lower than a year ago. The national average has dropped 23.1 cents per gallon during the last month and stands 12.2 cents per gallon lower than a year ago.

Brian Rittmeyer is a Tribune-Review staff writer. You can contact Brian at 724-226-4701, brittmeyer@tribweb.com or via Twitter @BCRittmeyer.


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