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Gasoline Cheapest Since 2005

Gas prices fell for the 75th straight day today and the price of a gallon of regular is now below $2 everywhere, except for three states and here in D.C.

According to a survey of daily swipes of credit cards at pumps conducted by AAA, the national average for a gallon of low-test is $1.82, the cheapest since January 2005.

The national average for gas peaked at $4.11 per gallon on July 17, when oil was selling for $147 per barrel. Oil today is selling for just under $51 per barrel, a 26-year low.

According to AAA, the most expensive gas in the U.S. is sold in Alaska ($2.759 per gallon), Hawaii ($2.70), New York ($2.188) and the District of Columbia ($2.064).

Missouri had the lowest prices at $1.558 a gallon.

--Frank Ahrens

By Frank Ahrens  |  December 1, 2008; 11:22 AM ET
Categories:  The Ticker  | Tags: gas prices, oil  
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