--- title: Gas Prices Are Plummeting, $1.50 Per Gallon Coming Soon description: By Christmas, gas experts are calling for the national average price for a gallon of regular to drop below $2, perhaps even $1.80. 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: '2015-11-16T19:16:52.000Z' modified: '2015-11-16T19:16:52.000Z' section: Personal Finance tags: - Autos - energy - Gas - Gas prices - Oil word_count: 284 canonical: https://money.com/gas-prices-cheap-2-gallon/ 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/). ![People fill up at Town Line Deli on Main Street in East Waterboro, Maine, for less than $1.99 per gallon, January 12, 2015.](https://img.money.com/2015/11/151116_em_gaspricesdropping.jpg) *People fill up at Town Line Deli on Main Street in East Waterboro, Maine, for less than $1.99 per gallon, January 12, 2015.* For the first time since 2009, the national average for a gallon of regular gasoline will drop below the $2 mark. That's the prediction being made this week by [AAA](http://fuelgaugereport.aaa.com/national-average-eyes-2-for-first-time-since-2009/), which states that due to factors including a "bearish sentiment" on global petroleum prices and normal early winter declines in demand for gas, "pump prices are expected to move lower to close out the year, barring any unanticipated outages or supply disruptions." In all likelihood, this means that the national average for gas--$2.16 as of Monday, down 7¢ in the past week—will fall below $2 per gallon, most likely by Christmas. The national average hasn't been this low since the onset of the Great Recession. The observers at the gas price-tracking site [GasBuddy](https://blog.gasbuddy.com/posts/By-Next-Week-99-of-Gas-Stations-Will-Be-Cheaper/1715-629665-3393.aspx) seem to think that AAA is actually playing it conservative in terms of forecasting how quickly—and how deeply—prices will decrease in the coming weeks. Not long ago, GasBuddy had predicted the national average would maybe hit $1.98 by Christmas. Instead, the site's analysts now foresee even steeper drops by December 25: Some of the cheapest stations in the nation could drop to $1.49/gallon by then, with the national average dropping into the $1.80s. It's even possible that by Thanksgiving we could see a sub $2/gal national average. It's worth noting that gas prices right now are exceptionally cheap compared to last year, with a national average of nearly 75¢ less per gallon. What's more, all signs indicate that prices will remain cheap next year. "Global supply continues to outpace demand, while a strengthening U.S. dollar, which makes crude oil more expensive for buyers holding foreign currencies, is expected to keep a ceiling on prices into 2016," this week's AAA report states. ```json { "@context": "https://schema.org", "@graph": [ { "@type": "BreadcrumbList", "@id": "https://money.com/gas-prices-cheap-2-gallon/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://money.com" }, { "@type": "ListItem", "position": 2, "name": "Personal Finance", "item": "https://money.com/personal-finance/" }, { "@type": "ListItem", "position": 3, "name": "Budgeting", "item": "https://money.com/budgeting/" }, { "@type": "ListItem", "position": 4, "name": "Gas Prices Are Plummeting, $1.50 Per Gallon Coming Soon" } ] }, { "@type": "WebSite", "@id": "https://money.com/#website", "url": "https://money.com", "name": "Money", "publisher": { "@id": "https://money.com/#organization" } }, { "@type": "WebPage", "@id": "https://money.com/gas-prices-cheap-2-gallon/#webpage", "url": "https://money.com/gas-prices-cheap-2-gallon/", "name": "Gas Prices Are Plummeting, $1.50 Per Gallon Coming Soon", "isPartOf": { "@id": "https://money.com/#website" }, "datePublished": "2015-11-16T19:16:52.000Z", "mainEntity": { "@id": "https://money.com/gas-prices-cheap-2-gallon/" }, "inLanguage": "en-US", "breadcrumb": { "@id": "https://money.com/gas-prices-cheap-2-gallon/#breadcrumb" }, "dateModified": "2015-11-16T19:16:52.000Z" }, { "@type": "Article", "headline": "Gas Prices Are Plummeting, $1.50 Per Gallon Coming Soon", "articleSection": "Personal Finance", "image": [ { "@type": "ImageObject", "url": "https://img.money.com/2015/11/151116_em_gaspricesdropping.jpg", "width": 2100, "height": 1311, "caption": "151116_EM_GasPricesDropping" } ], "author": [ { "@type": "Person", "name": "Brad Tuttle", "url": "https://money.com/author/brad-tuttle/", "@id": "https://money.com/author/brad-tuttle/#author", "description": "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.\r\n\r\n", "image": "https://img.money.com/2014/01/Brad-Tuttle.png?w=226&h=247&crop=1", "alumniOf": "Columbia University School of Journalism, MS", "sameAs": [ "https://twitter.com/bradrtuttle", "https://linkedin.com/in/brad-tuttle-834b225" ] } ], "publisher": "https://money.com/#organization", "datePublished": "2015-11-16T19:16:52.000Z", "description": "By Christmas, gas experts are calling for the national average price for a gallon of regular to drop below $2, perhaps even $1.80.", "abstract": "By Christmas, gas experts are calling for the national average price for a gallon of regular to drop below $2, perhaps even $1.80.", "@id": "https://money.com/gas-prices-cheap-2-gallon/", "inLanguage": "en-US", "dateModified": "2015-11-16T19:16:52.000Z", "wordCount": 284, "keywords": [ "Autos", "energy", "Gas", "Gas prices", "Oil" ], "about": [ { "@type": "Thing", "name": "Personal finance", "sameAs": [ "https://en.wikipedia.org/wiki/Personal_finance" ] }, { "@type": "Thing", "name": "Budget", "sameAs": [ "https://en.wikipedia.org/wiki/Budget" ] } ] } ] } ```