In this season of the year, shoppers have been looking for discounts anywhere that they can get them. Yet, it is a plus when you can save on gas also. Gas prices have been dropping drastically over the past few months, and it can't get any better for consumers than the latest news regarding prices.
Gas prices are at their lowest since 2010, reported the Daily Advocate. There are 33 states with at least one gas station in which prices are even below $2. Triple A also announced that the US has broken the record for the longest streak of daily declines of gas prices. The current national average is $2.29. Alabama gas prices have dropped $.10 cents in one week, putting the state average at $2.18 a gallon. Multiple gas stations there also have gas below $2 per gallon. One station had gas available for $1.95.
Oil production is driving the gas prices down, as good, old fashioned supply and demand in the global market is having positive effects. Another factor is that US energy companies have found it useful to start extracting oil from difficult-to-drill locations inland. Many new techniques such as fracking and horizontal drilling, have lead to the US extracting oil from shale formations in North Dakota and Texas. The US is now producing its' highest level of oil in 30 years. It makes sense for the US to take the leap and pursue oil itself after the tremendous rise in gas prices in recent years.
“It’s normally $80 plus to fill up my tank, and yesterday it was just $40,” stated Michelle Miller, a Greenville resident that the Daily Advocate interviewed to discuss the prices of gas. She went on to say, “Although I don’t expect prices to stay this low for long, I think they will slowly begin to rise, I will probably take advantage of the drop and travel out of town for more activities while I can.”
Some states, however, are not jumping for joy yet over lower gas prices because they aren't seeing the current averages at their own pumps. Hawaii and Alaska both still have an average price over $3.00 per gallon. In the lower 48 states, drivers in the Northeast are paying least than $3, led by New York ($2.88), Vermont ($2.81) and Washington, D.C. ($2.80). The average price at the pump is below $2.50 per gallon in 30 states. Missouri is at ($2.07), Texas ($2.16) , Oklahoma ($2.09), and Kansas is at ($2.17). Businesses are taking advantage of the lower gas prices, including to keep costs down when it comes to same-day delivery.
Low gas prices doesn't just mean savings for consumers, but also for a same-day courier like A-1 Express. With gas prices going down, the Boston courier has a national footprint and can pass along lower courier costs to its' clients. It's a great time to utilize a courier. Retail giants like Google, Amazon, Wal-Mart and more are all involved in same-day delivery. With lower gas prices, this aids in keeping the costs for the service low, which in turn, will ultimately encourage more companies to at least test same-day delivery.
Reference: 12.28.14, www.dailyadvocate.com, Stacie Ward, Gas prices at their lowest since 2010