Is $1.75 gas possible?

GasBuddy.com senior petroleum analyst Patrick DeHaan on the outlook for oil and gas.

Is Gas Below $2 in Your State?

By Energy FOXBusiness

Gas stations are posting prices of $1.99 a gallon or less in 15 states, and drivers should expect more savings through the rest of the year.

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As of Wednesday, sub-$2 regular gasoline is available in the following states, according to GasBuddy.com:

  • Alabama
  • Arkansas
  • Georgia
  • Indiana
  • Kentucky
  • Louisiana
  • Mississippi
  • Missouri
  • New Jersey
  • North Carolina
  • Oklahoma
  • South Carolina
  • Tennessee
  • Texas
  • Virginia

Some states only have a handful of stations that are under the milestone. For instance, just three stations in Indiana—where a BP (BP) refinery has ended a partial shutdown—have dropped their prices below $2 a gallon.

GasBuddy senior petroleum analyst Patrick DeHaan said the number of states could fluctuate, “but by and large we should see the number grow.”

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DeHaan anticipates that over half of U.S. gas stations will charge less than $2 a gallon by the end of the year. Gas in the low-$2 range should be the norm for the fall months, he added.

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South Carolina ($2.08), Alabama ($2.14) and Mississippi ($2.14) have the nation’s lowest per-gallon averages, based on GasBuddy data. The most expensive fuel can be found in California ($3.43) and Alaska ($3.41).

The national average for regular gas is $2.56 a gallon.

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