Most drivers have probably heard the news about how low gas prices are falling. They've also likely experienced firsthand how much of an effect this drop can have on a wallet. With the holiday season in full swing, the good news is only expected to continue.
AAA predicted that the national average for a gallon of gas could reach $2.50 by Dec. 25
. It currently sits at $2.67 per gallon, but is expected to keep decreasing within the next several days. Should costs follow the predictions, drivers could see the lowest prices at the pump since 2009, according to the AAA report.
"At some of the price leaders ... I would not rule out $1.99 this winter in California
," Tom Kloza, oil analyst for the Oil Price Information Service, told the Los Angeles Times.
Prices will remain high in some states, however. AAA found that the average cost of a gallon of gas was above $3 in four states: Hawaii, Alaska, New York and Connecticut. Still, with most of the country taking advantage of lower prices, many are reaping the benefits. The Los Angeles Times reported that the falling costs may lead to a better economy and lower air fares. It may also provide drivers with the extra cash they need to get that auto tune-up they've been putting off.