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Motorists begin the new year paying under $2 a gallon

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Delaware Public Media
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Motorists begin the new year saving money at the pump as local gas prices continue to dip below $2 a gallon.

 

AAA Mid-Atlantic reports the average price for a gallon of regular fell four cents to $1.91 a gallon in Delaware.  Drivers in Delaware are paying 50 cents less per gallon than a year ago.  

 

According to delawaregasprices.com, there are just over a dozen stations selling a gallon of regular for $1.82 or less, mostly in New Castle County. The cheapest is $1.75 in Newark.

Nationwide, the average price for a gallon of regular dropped a cent to $1.99 in the last week. This is the first time the national average has dropped below $2 a gallon in six years.

The average national gas price in 2015 was $2.40 a gallon, making that the second cheapest annual average in 10 years, according to AAA officials. In the past year, the national average was the most expensive in June at $2.80. Crude oil supply continues to outpace demand, which officials say have kept prices low, relative to recent years.

AAA predicts that prices could be even lower in 2016. Officials estimate that barring any dramatic changes in the oil market, gas prices nationwide in the new year could average between $2.25 and $2.45 a gallon.

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