The average petrol price has fallen below $ 2 per gallon in two states, and several states can soon join as an agreed oil market, sending prices down for the busy holiday season.
Missouri and Oklahoma had average gas prices below $ 2 per gallon from Tuesday, according to Patrick DeHaan, head of petroleum analysis at GasBuddy. Another seven states – South Carolina, Texas, Louisiana, Arkansas, Mississippi, Alabama and Kansas – were within three cents of the threshold.
US national average stood at $ 2.37 per gallon on Tuesday, according to AAA. Prices on the pump reached its lowest level in two years and is expected to continue to fall through the end of the year.
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Crude oil prices have fallen in recent months, partly because the market is over-consumption. OPEC agreed earlier this month to reduce oil production in 2019, but AAA said oil prices remain The agreement was terminated.
WTI Raw prices fell below $ 47 a barrel on Tuesday and reached its lowest level for more than a year.