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Gas Prices Hit Five-Year Low

CNN reports that gas prices have hit a five-year low after falling for seven straight days. The AAA has the nation's average gas price at $1.630 a gallon. A year ago gas prices were just over the $3 mark and earlier this summer they hit a peak of $4.114 a gallon. The $1.630 average is the lowest we have seen gas prices since February 18, 2004 when they were $1.63.

Today, the AAA has gas prices down again to $1.627 which is even lower than the Feb. 18, 2004 number. You can find the AAA's Fuel Gauge Report here.

Posted on December 27, 2008





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