Nationwide gas prices hit lowest levels since 2009

Posted at 7:51 PM, Dec 20, 2015
and last updated 2015-12-20 19:51:27-05

MICHIGAN — The price of gasoline nationwide keeps dropping, just in time for holiday travel.

The average price for a gallon of regular gas fell more than 4 cents in the past two weeks, to $1.99 per gallon this weekend.

That’s the lowest price since March 2009. expert Patrick DeHaan says the drop is due to another nosedive in the cost of crude oil, adding he wouldn’t be surprised if prices continue to fall.

In Michigan, the average for a gallon of regular is hovering around a $1.82. In the Grand Rapids metro area prices are holding steady at $1.81.

Despite the expected uptick in holiday travel this week, DeHaan says it just doesn’t pose enough of a demand hike to tip the prices in the opposite direction.

“At the end of the day it really is all about supply and demand,” he told FOX 17. “I know a lot of folks, in theory, say or think a lot of people are driving and prices are going to be high, but it really pales in comparison to the summertime holidays when a lot more motorists are traveling further distance, or towing a boat to the lake.”

In California, where prices are highest, a gallon of regular averages $2.61, with midgrade costing $2.74 and premium at $2.83.

In the Lower 48 states, the highest average price of regular gasoline is in Los Angeles, at $2.71, while Tulsa, Oklahoma has the lowest, at $1.72.

The Associated Press contributed to this report.