Gas Prices Dip Below $2 Just In Time For Thanksgiving
Date posted - November 24, 2015
Sheldon, Iowa — Gas prices are below two-dollars a gallon in many locations as Iowans prepare to hit the road for the Thanksgiving holiday weekend. Tuesday afternoon in Sheldon, prices were at $1.99 a gallon.
Triple-A Iowa spokesperson Rose White says motorists are thankful for pump prices that haven’t been seen in 7 years.
The U.S. Energy Administration has reported domestic crude oil inventories are near an all-time high and White says many Midwest refineries are back on-line after planned or unplanned maintenance.
Tuesday morning, Triple-A reported the statewide average for a gallon of regular unleaded gas dropped to $2.08.
Nearly 60-percent of all gas stations in the U.S. are now selling fuel below $2 a gallon.