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What to Expect from Gas Prices.

Author: PiBa

The local gas price in the United States fell below $1.80 a gallon MOnday for the first time since early 2005, according to a daily review of gas station credit card swipes.

Regular unleaded gasoline lost 1.4 cents to sell at a national average of $1.789 a gallon, down from $1.803 this week, according to federal authorities.

Gas prices have dropped for 75 days in a row, with the national average plunging more than $2 a gallon. Prices are down 59% from the record high of $4.114 a gallon touched on July 17.

The national average gas price last hit $1.789 was Jan. 12, 2005.

Gas remains above $2 a gallon in only 3 states, according to AAA.

The average price in Alaska, the most expensive state, was $2.93 a gallon, while the average price was $2.92 in Hawaii, and $2.44 in New York. Gas was cheapest in Missouri, where it sold at an average price of $1.7 a gallon.

Diesel: The cost of diesel gas, which is used in most trucks and commercial vehicles, has also dropped along with gasoline.

The price fell 2.8 cents MOnday to a national average of $2.6 a gallon, according to the AAA data.

Diesel prices have gone down more than $2 a gallon as well, down from a record high of $4.845 on July 17.

Ethanol: Meanwhile the price of E85, an 85% ethanol blend made primarily from corn, turned higher, gaining 2.2 cents to $1.78 a gallon on average, AAA reported.

E85 can be substituted for regular gas in specially made "flex-fuel" vehicles, but is not readily available in some states.

The AAA reports, compiled by Oil Services, are state averages based on prices paid at thousands of gas stations across the nation. Individual drivers may see higher fuel prices in different zones of each state.

www.crazy-gas-prices.info is the home of great info on why gas prices are so high and what to do to reduce them, and how to save on gas.
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