Sing along! ‘Low gas prices coming to town!’

Sing along! ‘Low gas prices coming to town!’

National Average Plunges 53 cents per gallon in two months; motorists spending $ 205 million per day less on gasoline in run up to holidays

Petroleum Analyst BOSTON — GasBuddy, the only company connecting drivers with their Perfect Pit Stop, today finds that in the weeks leading up to the holidays, average gas prices have seen one of their largest seasonal declines with the national average price of gasoline down 53 cents per gallon over the last two months with Christmas gas prices now lower than their yearago level. GasBuddy projects the national average to drop to $2.35 per gallon by Christmas Day.

“The plunge at the pump has brought over $205 million of daily savings on gasoline versus two months ago to motorists nationwide. The timing couldn’t be better for those who’ve been busy out shopping for holiday gifts, with motorists saving $10-$20 per fill up versus just two months ago, ” said Patrick DeHaan, head of petroleum analysis at GasBuddy. “Oil prices have buckled under pressure, at least somewhat related to economic concerns, with the national average now under year-ago levels. Over the course of Christmas week, the savings multiplied will mean motorists won’t be leaving nearly $1.5 billion behind at the pump. What’s more is that no state has been left behind- everyone is seeing substantial savings.”

GasBuddy offers several tips to motorists on the road this holiday season:

• Watch Out for State Lines. Because of differing state taxes, in some extreme cases, drivers can spend an extra $25 when refueling the tank if on the wrong side of the line.

• Shop around for the Biggest Savings. With gas prices continuing to decline, some gas stations are passing along the savings faster than others, so spending a few moments looking at gas prices around you can lead to saving a few more dollars on your fillup.

• Speeding, aggressive driving and hard braking

By Patrick DeHaan