Here's Why Gas Prices In The U.S. Are So Low
Gas prices are falling sharply, mostly because U.S. production of crude oil has created an oil boom.By Ben Lawson | December 20, 2014
Consider it an early Christmas present. This week, gas prices are their lowest since 2009.
The average gas price in the U.S. dipped down to $2.43 and there are stations in 24 states selling gas for under $2 per gallon.
This drop in price is thanks to an oil boom. The high supply has pushed the cost of oil down to about $60 a barrel. Back in June, the price was $115 a barrel.