GAS PRICES NOSE DIVING ALL GOES TO THE NEW FOUND NATURAL EARTH RESOURCE FROM THE US DEVELOPED WITH YANKEE KNOW HOW CALLED FRACKING HAS DROPPED THE PRICE OF OIL AND THE EVENTUAL CONSUMER PRICE OF GOODS–ALL DUE TO PRIVATE INDUSTRY TURNING NEW TECHNOLOGY TO GROW ENERGY AND JOBS WITHOUT GOVERNMENT INTERVENTION

$2 gasoline is back in the U.S.

An Oncue Express station in Oklahoma City was selling the motor fuel for $1.99 a gallon today, becoming the first one to drop below $2 in the U.S. since July 30, 2010, Patrick DeHaan, a senior petroleum analyst at GasBuddy Organization Inc., said by e-mail from Chicago.

“We knew when we saw crude oil prices drop last week that we’d break the $2 threshold pretty soon, but we didn’t know if it would happen in South Carolina, Texas, Missouri or Oklahoma,” said DeHaan, senior petroleum analyst for GasBuddy. “Today’s national average, $2.74, now makes the current price we pay a whopping 51 cents per gallon less than what we paid a year ago.”

Gasoline is sliding after OPEC decided last week not to cut production amid a global glut of oil that has already dragged international oil prices down by 37 percent in the past five months. Pump prices have fallen by almost a dollar since reaching this year’s high on April 26.

http://www.bloomberg.com/news/2014-12-03/first-u-s-gas-station-drops-below-2-a-gallon.html