AAA: Average gas prices cheapest since 2009

Posted at 5:15 PM, Jan 12, 2016
and last updated 2016-01-12 19:24:15-05

It's like a tax break for drivers.

Gas prices are at the lowest levels since March 23, 2009 according to the American Automobile Association. AAA reports the price at the pump should remain low because of the abundance of oil and gasoline around the world.

The average U.S. household saved $660 on gasoline in 2015 according to numbers from the Energy Information Administration. Gasoline averaged $2.43 a gallon last year.

And it gets better for drivers before it gets worse.

EIA expects gasoline to dip to a seven-year low of $1.90 a gallon next month before going up in the Spring. Even then, it's not expected to go up much past the $2 mark. The EIA forecasts the price gas to average $2.03 a gallon in 2016 and $2.21 a gallon in 2017.

In the Valley, lists the Flying J at West Latham St. and South 67th Ave. as the cheapest at $1.69 a gallon. On Tuesday, a gallon averaged $1.93 in Phoenix.

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