No, it’s not a mirage, gas is below $3 per gallon in Georgia and it’s going to get even cheaper. Travel experts say prices are expected to continue to fall through the holidays.
According to USA Today the post-summer travel drop in prices is related to two things: The switch to cheaper winter-blend grades and plunging ethanol prices. The news agency reports 10% of the nation’s gas stations are reporting sub-$3 a gallon gasoline. A year ago, just 3% were.
Monday’s 2.6-cent gallon drop – the biggest daily drop in 11 months – came despite a late day uptick in crude oil and wholesale prices Monday. ~ USA Today
According to the AAA Fuel Gauge Report, gas prices are down nationwide by an average of 25¢ per gallon over this same time last year. Currently the national average price for regular unleaded gasoline is $3.034 per gallon. Average prices are even lower in Georgia where a gallon of regular unleaded gas sells for around $2.92.
These are the cheapest gas prices motorists in the U.S. have seen since December 2010.
