AAA says some U.S. Drivers may see $2.00 Gas Prices for the Holidays

OPEC Decision causes Oil Prices to Plunge

Tampa, FL – U.S. motorists in southern and mid-west states could see a handful of gas stations hit the $2.00 a gallon mark just in time for the Christmas holiday season.

OPEC’s failure to cut oil production could cause gas prices to fall by as much as 20 cents. The national average has fallen for 67 consecutive days the longest streak since 2008. The streak of declines is 58 days in Florida, 59 in Georgia, and 16 in Tennessee.

“Drivers in southeastern states, such as Tennessee, may see a select few stations selling gas at or below $2.00 in the coming weeks,” said Josh Carrasco, spokesman, AAA – The Auto Club Group. “The chances of gasoline averaging $2.00 per gallon are highly unlikely. Oil prices would have to drop another $25.00 to $30.00 a barrel before we reach the $2.00 threshold.” [Read more]