Consider this; during the Memorial Day weekend of 2014, gas prices were an average of $3.58 a gallon across the United States. This year? $2.35 a gallon!
According to cheapest gas station finding app GasBuddy.com, gas prices will even be lower then they previously forecasted for this summer. Their senior petroleum analyst, Patrick DeHaan, says that “Both numbers would represent the lowest summer prices in a decade”, referring to the estimated $2.45 a a gallon predicted by the Energy Information Administration and the $2.40 that GasBuddy predicted.
All around the United States drivers have been saving money over the last few months thanks to seriously lower gas prices. In fact, in a recent survey, nearly 20% of drivers reported that they were saving between $20 and $30 every time they filled their gas tanks, which can add up quite quickly.
Mr. DeHaan says that “The summer of 2015 will see the national average come in at a seasonal level we haven’t approached since 2005”,
The only bad news is that, as far as gasoline savings are concerned, the only place that most consumers will be able to reap the benefits is when they fill up their automobiles at the local gas station. As far as airline prices there won’t be much of the break because most airlines buy their fuel ahead of time.
That being said, the good feelings that most consumers have about these extra low prices that we’re seeing at the pumps of these days won’t soon fade as they are expected to stay below $2.40 through the end of Labor Day.
So, if you’re planning a trip this summer and it’s within driving distance, it’s going to be one of the cheapest summers in a decade to get there! Go ahead, pack up the family and hit the road!