October 20, 2008

Good news category - Gas is down about $1.20 in 3 months

If you look at the chart on GasBuddy of prices for regular gas in the past 3 months, you can see the US average has dropped from around $4.10 to $2.88 today. Thats over $1.20 drop per gallon of gasoline in 3 months.

The typical US driver puts about 12,000 miles on their car each year and gets around 20 MPG. So thats about 600 gallons of gasoline used annually. A $1.20 cost drop equates to about $720 per driver per year.

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