Gas Prices Drop to Five Year Low

At last, the gas prices are going down. We are down to $1.69 in our town and I know it is lower in the larger town 30 miles away. The average price of U.S. gasoline fell 22 cents a gallon during the past two weeks, bringing it to its lowest level in nearly five years. This was according to a national survey released Sunday.

The average price of regular gasoline Friday was $1.75 a gallon. The price of mid-grade was $1.90 and the price of premium was $2.02. March 2004 was the last time gas was cheaper. The national average then was $1.74 for regular. The all time high was on July 11, 2008, when the price peaked at $4.11 a gallon. I guess we here in the Midwest were lucky, even though we didn't feel like it, because our gas never got to $4 a gallon.

They surveyed some cities and the nation's lowest price was $1.46 in Cheyenne, WY. The highest was $2.54 in Anchorage, Alaska and the highest in the continental United States was $2.10 on New York's Long Island. It feels good to have the prices down again. People are driving more again. I know we cut down on our driving when prices were so high.