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Gas prices drop under $2 nationwide for the first time since 2009

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RICHMOND (WSLS 10) - U.S. average gas prices dropped below $2 per gallon Monday morning for the first time since March 25, 2009, according to AAA.

Today's national average price of gas is $1.998 per gallon.

AAA estimates that cheaper gas prices have saved Americans more than $115 billion on gasoline so far this year, which works out to more than $550 per licensed driver. More than 91 million Americans plan to take advantage of cheaper gas prices to drive 50 miles or more during the upcoming holiday period.

More than two-thirds of U.S. stations already are selling gas under $2 per gallon, and drivers can find at least one station selling gas for less than that price in 47 states.

The most common price nationwide is $1.899 per gallon and the average here in the Commonwealth of Virginia comes in a little less than that at $1.84 per gallon. The national average price of gas is about 41 cents less than a year ago.

AAA says gas prices have dropped because there is more than enough oil and gasoline supplies around the world to meet current demand. In addition, gas prices generally fall through early winter because people drive and use less fuel this time of year.