Gas Prices Likely To Plummet This Week, Already at or Below $2/Gal. in Some Parts of Country

On Wall Street, there is a panic because tensions between the Saudis and the Russians may result in a glut of oil on the market.

But on main street? There are a lot more smiling people filling up the old F-150 at the pump these days as gasoline prices plummet.

An American Automobile Association survey released Monday showed that the Sunday trough in oil prices was already hitting consumers, with some parts of the county having gasoline that was selling for under $2 per gallon.

“Texas ($2.06) has the cheapest average in the region and the nation. Gas can be found for $2/gallon or less at 24% of gas stations throughout the 11 South and Southeast region states. Oklahoma (51%) and Texas (47%) have the highest percentage of gas stations selling gas for less than $2/gallon,” the AAA report read.

In Florida, where AAA said gas was already selling seven cents less this week than last week, predictions were that even lower prices were coming.

Where Democrats could use their landslide victories to redistrict

Republicans turn on Trump after devastating midterm losses hand Democrats control of Congress

WATCH: Bodycam captures chaotic response to deadly Citibank shooting in Florida

Three executions scheduled across US on same day for second time this year

Ted Cruz says ‘blue tsunami’ took over Texas after Democrats swept statewide races

Republicans, Take Note: Ballot Measure Success in Face of Blue Wave Shows Voters Still Want Conservative Policies

JD Vance Says ‘Everyone Knows Why We Lost’ in Fiery Post-Election Message

New Jersey pre-K aide faces 61 charges, accused of filming himself sexually assaulting students at school

Grocery store cyberattacks are ‘psychological warfare’ that could strike US, former FBI agent warns

See for Yourself: As El-Sayed Was Securing Win, Advisor Hasan Piker Filmed His Most Hateful Anti-American Comments Ever

Erika Kirk channels Charlie with blunt message to conservatives after GOP midterm losses

Promising Young Congressman Touted as ‘Future’ of the Republican Party After Defying Blue Wave with a Strong Win

Conservative Commentator Steve Deace Nails the Most Infuriating Part About Democrats’ Midterm Triumph: It Was Preventable

Midterm upheaval of Congress provides little reassurance for Ukraine as ‘nucleus’ of support is ousted or steps down

Latest Numbers: ‘Decoy’ Candidate Could Cost Republicans a Senate Seat as Alaska Race Comes Down to the Wire

“At the rate fuel prices are falling on the stock market, Florida drivers could easily begin seeing sub-$2 gasoline this week,” AAA spokesman Mark Jenkins said, according to WOFL.

“The only potential upward pressure on pump prices is spring maintenance season. If the state average eventually drops below $2 per gallon, it would be the first time in four years. How long this holds or how low prices go will rely on where stock market prices go from here,” he said.

Commentators said lower prices are the rippled effect of international tensions.

“Everyone, I think, is a little bit shocked at the tactics that have come out of the broken-down talks between OPEC, specifically with Saudi Arabia and Russia,” Sarah McCrary, CEO of fuel prices comparison site GasBuddy, told ABC News.

“Effectively what’s happened is in the wake of softening demand for oil, we had expected that there would be an agreement to lower production, to reduce supply … and we would have a gentle change in the market,” she said. “That did not happen.”

Americans will reap the benefits, according to McCrary.

“We’re going to see much less expensive gas across the nation,” she said. “The largest element in the price per gallon that Americans pay is the cost of the oil that goes into making that gasoline.”