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.

Newsom Investigates After Reports of Anti-Trump Social Media Censorship (Where Was He When Twitter Banned Trump?) Then the Embarrassing Truth Hit

Calm amid chaos: Noem defies calls to resign, touts border victory as shutdowns, storms, and riots swirl

This Senate Democrat wants voter ID for his campaign events — but not federal elections

Ellen DeGeneres Comes Crawling Back to US After Fleeing Post-Trump Victory, Buys $27 Million California Mansion

Virginia Democrat gives profanity-laced response to Cruz’s criticism of the state’s redistricting push

Trump Admin Discovers ‘Staggering’ Billions Stolen in Suspected California Small Business Fraud

Two teens arrested after 15-year-old shot near Washington DC’s Union Station

Bishop Ronald Hicks replaces Dolan as Archbishop of New York with installation at St Patrick’s

Trump Announces ‘Clues’ Found in Nancy Guthrie Disappearance: ‘We Could Have Some Answers’

Man arrested for allegedly threatening to kill JD Vance was in possession of child sexual abuse materials: DOJ

‘Superhuman’ Boy, 13, Swims 4 Hours in Frigid Water then Runs Over a Mile to Rescue His Mother, Sister, and Brother Lost at Sea

Fact Check: Did Trump Post a ‘Racist Video’ of the Obamas?

Trump says nuclear talks in Oman were ‘very good,’ claims Iran wants a deal ‘very badly’

DeSantis celebrates end of ‘witch hunt’ after Trump DOJ reportedly drops Hope Florida Foundation complaint

Trump vows to ‘unleash’ commercial fishing off New England, reversing Obama-era Atlantic restrictions

“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.”