--- title: Gas Under $2 a Gallon as Gas Stations Launch Price Wars description: Gas station price wars have pushed the cost of a gallon of regular below $2 in one U.S. city, and similar price wars are expected in other metro areas around the country. authors: - name: Brad Tuttle role: Senior Editor url: https://money.com/author/brad-tuttle/ bio: Brad Tuttle is a former senior editor at Money with over 10 years’ experience covering a vast number of personal finance topics, including careers, cars, travel, budgeting, investing, insurance, credit cards, consumer psychology, real estate, banking, and shopping and deals. education: Columbia University School of Journalism, MS at_money_since: 2014 articles: 366 covers: - Personal Finance - Banking - Business - Career Advice - Credit - Credit Cards - Economy and Politics - Education - Health and Wellness - Housing - Identity Theft - Insurance - Investing - Lifestyle - Loans - Mortgages - Pets - Professional Services - Retirement - Shopping - Taxes - Technology social: - https://twitter.com/bradrtuttle - https://linkedin.com/in/brad-tuttle-834b225 former_staff: true published: '2014-12-04T17:42:31.000Z' modified: '2024-04-16T04:51:15.000Z' section: Personal Finance tags: - AAA - Autos - driving - energy - Gas - Gas prices - gas stations - GasBuddy - holiday season - Oklahoma - price wars word_count: 375 canonical: https://money.com/cheap-gas-price-wars/ type: Article source: structured-blocks --- > **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![A sign displays the price for E-10 gasoline for $1.99 at the OnCue convenience store and gas station, Wednesday, Dec. 3, 2014, in Oklahoma City.](https://img.money.com/2014/12/141204_em_2gaswars1.jpg?crop=0px%2C1580px%2C2555px%2C1435px&quality=85) *A sign displays the price for E-10 gasoline for $1.99 at the OnCue convenience store and gas station, Wednesday, Dec. 3, 2014, in Oklahoma City.* Less than a week ago, gas price analysts were forecasting that gas stations in some part(s) of the country would probably drop [prices below $2](https://money.com/cheap-gas-prices-2-per-gallon/) per gallon sometime in the near future—most likely "by Christmas." Turns out it didn't take nearly that long to dip under the $2 mark. Less than one month after the national average dropped [below $3 per gallon](https://money.com/gas-prices-under-3-per-gallon/), a gas station in Oklahoma City apparently became the first in the country to plunge beneath $2. It happened sometime on Wednesday, and as [*Bloomberg News*](http://www.bloomberg.com/news/2014-12-04/gasoline-price-war-lights-up-in-oklahoma-city-as-2-floor-drops.html) reported, within a few hours several other gas stations in the Oklahoma City area had engaged in a price war, with per-gallon costs falling from $2.11, to $2.03, to $1.99, to $1.98, and at least one reaching $1.95. As of Thursday morning, drivers in the Oklahoma City area are reporting four gas stations where a gallon of regular starts under $2, according to [GasBuddy](http://www.oklahomacitygasprices.com/Oklahoma%20City/index.aspx). This doesn't mean that all drivers in Oklahoma, or even in the capital city area, can expect to see such low gas prices. According to [AAA](http://fuelgaugereport.aaa.com/todays-gas-prices/), the statewide average in Oklahoma is $2.51, and GasBuddy estimates the average in greater Oklahoma City is around $2.42. It's just that some stations are being particularly aggressive on pricing in order to attract drivers. They're not making much if any money on sub-$2 gas, but the stations hope that customers grab coffee, snacks, and other purchases while they're filling up. Meanwhile, the latest [press release from AAA](http://fuelgaugereport.aaa.com/aaa-monthly-gas-price-report-gas-prices-more-than-50-cents-per-gallon-cheaper-than-2013/) notes that gas prices nationally have dropped 69 days in a row and have fallen nearly $1 from the 2014 high in late April, when the average was $3.70. Based on the way things are going, prices at the pump should only get cheaper, indefinitely. “The holiday joy should continue as gas prices drop even further in the weeks ahead,” AAA spokesperson Avery Ash noted in the release. “We could see prices drop to the lowest levels since the Great Recession if the cost of crude oil continues to set multi-year lows.” Another likely prediction is that Oklahoma City won't be the only metro area where drivers will enjoy the financial benefits of gas price wars. 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