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U.S. Gas Prices Fall Below $2 — And in Some Places Under $1.60

Take advantage while it lasts. It won’t.

AAA put the average U.S. gas price at $1.998 per gallon on Monday, while fuel-price tracking service GasBuddy.com calculated the national average at $1.995 a gallon. That’s the lowest price by either measure since March 25, 2009.(via MarketWatch)

Prices will be back up by no later than summer 2016. Oil production is going to fall.

 –RW