(WASHINGTON, December 22, 2014) The steady decline in gas prices this autumn is now longer than any period AAA has previously tracked. The national average price of gas has declined for 88 days in a row, which is the longest consecutive streak on record. Gas prices have fallen every day since September 25 to today’s average of $2.39, which is the lowest average price per gallon since May 2009. On Sunday, the decline in gas prices broke the previous record of 86 days set in 2008 during the height of the Great Recession.
The best news for consumers is that the decline in the price at the pump has accelerated during the previous week. The current week-over-week drop of 15 cents is the largest such decline in more than six years. Motorists are paying 43 cents less than one month ago and 85 cents less than one year ago to refuel their vehicles, which mark the largest declines for those spans since 2008 and 2009 respectively.