Discounters Start Week With $1.75/Gallon Gas

Apr 04, 2016 at 07:35 am by bryan


Americans paid the cheapest quarterly gas prices in twelve years during the first three months of 2016, according to AAA. Discounters started this week (4/4/2016) with regular gas for as low as $1.75 per gallon here in Murfreesboro.

Americans have saved nearly $10 billion on gas so far this year compared to the same period in 2015. The national average price of gas during the first quarter was $1.86 per gallon, making it the cheapest quarter for gasoline since January-March 2004. Gas prices are expected to remain relatively low compared to recent years, though average prices could rise another 25 cents per gallon by Memorial Day.

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The national average price of gas today is $2.06 per gallon, which is the lowest average heading into April since 2009.

About 59 percent of U.S. stations are selling gas for less than $2 per gallon today, while the most common price across the country is $1.999 per gallon.

Average U.S. gas prices are about 36 cents per gallon cheaper than a year ago.

Americans have saved nearly $10 billion (13 percent) on gasoline so far this year compared to the same period in 2015, which is about $45 per licensed driver.

This year's savings are in addition to the $120 billion that Americans saved over the course of 2015 compared to the previous year, which was about $565 per licensed driver.

Current gas price savings are even more significant when compared to a few years ago. For example, the most expensive first quarter ever was in 2012, when prices averaged $3.58 per gallon. In comparison to that quarter, Americans have saved about $50 billion or $240 per licensed driver during the first three months this year.

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