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AAA says New Year, New Low Gas Prices

Gas prices on New Year’s Day are likely to be the lowest since January 1st, 2009

AAATampa, FL – More than 90 million Americans, on the holiday road, are finding the lowest average gas prices for the year-end holidays since 2008-09. The national average price for a gallon of gasoline is $2.00 nationally, $2.01 in Florida, $1.91 in Georgia, and $1.76 in Tennessee.

“Gasoline could get even cheaper in the coming weeks, as some of the lowest prices of the year typically arrive in January,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “Once the holiday season wraps up, fewer people take long distance road trips, leading to a downturn in demand at a time when supplies are high.”

New Year's Day Gas Prices

Motorists will ring in the new year with prices well below last year’s holiday. The average price for a gallon of gas on January 1st, 2015 was $2.24 nationally, $2.35 in Florida, $2.22 in Georgia, and $2.08 in Tennessee.

This year, gas prices are averaging $2.00 and below, saving motorists $5.00-$10.00 every time they fill their tanks. Gas prices on New Year’s Day 2016 will be the lowest since 2009.

Americans already enjoyed the lowest gas prices on Christmas Day since 2008. Average prices during this year’s holiday were $2.00 nationwide, $2.01 in Florida, $1.92 in Georgia, $1.77 in Tennessee.

The national average temporarily fell below $2.00 a gallon last week, but inched back up due to ongoing and unplanned refinery maintenance causing higher prices in California. The national average is once again pushing lower, officially coming in at $1.9998 Sunday, but was rounded up to $2.00 for this report. The average price in Florida is also poised to fall below $2.00 a gallon this week. If that happens, it would be the first time since March 22nd, 2009.

Motorists can find gasoline under $2.00 a gallon at 70 percent of U.S. gas stations. Prices across the country range from $1.56 (lowest 1%) –  $3.25 (highest 1%). The most common price is $1.90. Averages in a total of 32 states are below $2.00 per gallon and the least expensive markets for gas are: Missouri ($1.70), Oklahoma ($1.75), Kansas ($1.75), Arkansas ($1.76), South Carolina ($1.76), and Tennessee ($1.76).

Current and Past Price Averages

Regular Unleaded Gasoline

Sunday Saturday Week Ago Month Ago Year Ago
National $2.000 $2.002 $2.000 $2.050 $2.307
Florida $2.007 $2.009 $2.024 $2.073 $2.405
Georgia $1.911 $1.915 $1.942 $1.986 $2.289
Tennessee $1.761 $1.764 $1.788 $1.880 $2.151
Click here to view current gasoline price averages

 

AAA updates fuel price averages daily at http://www.fuelgaugereport.aaa.com/

Every day up to 120,000 stations are surveyed based on credit card swipes and direct feeds in cooperation with the Oil Price Information Service (OPIS) and Wright Express for unmatched statistical reliability. All average retail prices in this report are for a gallon of regular, unleaded gasoline.

About The Auto Club Group

The Auto Club Group (ACG) is the second largest AAA club in North America.  ACG and its affiliates provide membership, travel, insurance and financial services offerings to over 9 million members across eleven states and two U.S. territories including Florida, Georgia, Iowa, Michigan, Nebraska, North Dakota, Tennessee, Wisconsin, Puerto Rico and the U.S. Virgin Islands; most of Illinois and Minnesota; and a portion of Indiana.

ACG belongs to the national AAA federation with more than 55 million members in the United States and Canada and whose mission includes protecting and advancing freedom of mobility and improving traffic safety.

 

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