Reuters

(Reuters)

$2 Milestone is Near: These States Have the Cheapest Gas

By Energy FOXBusiness

Drivers are enjoying big savings at the pump with gasoline prices closing in on the $2-a-gallon milestone for the first time since 2009.

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Gas prices have been in a downward spiral for more than a year with the oil market suffering a steep decline. U.S. crude is trading at its lowest level in nearly seven years, reflecting ample supplies around the world. Oil prices have fallen each day following a decision by the Organization of the Petroleum Exporting Countries (OPEC) on Dec. 4 to continue producing oil at its current pace.

With oil in a prolonged rout, gas has followed suit to save Americans more than $100 billion so far this year, according to AAA.

AAA says drivers are paying an average of $2.01 a gallon as of Thursday morning. The national average could slip below $2 in the next few days, while 24 states already sport an average of $1.99 a gallon or less.

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Consumers can find the cheapest gas in these states:

  1. Missouri ($1.768)
  2. Michigan ($1.789)
  3. South Carolina ($1.800)
  4. Indiana ($1.806)
  5. Oklahoma ($1.809)
  6. Ohio ($1.816)
  7. Texas ($1.818)
  8. Mississippi ($1.819)
  9. Alabama ($1.820)
  10. Tennessee ($1.820)

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