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.

White House says Venezuela’s future ‘dictated’ by US as Trump embraces ‘American dominance’

Watchdog urges DOJ probe of top research university over alleged illegal DEI practices: ‘Defies common sense’

Trump says US will always support NATO despite plans to invade or buy Greenland

DOJ sends prosecutors to Minnesota amid widening fraud investigation

Trump admin’s new nutrition guidelines target ultra-processed foods, ease up on red meat and saturated fats

Federal judge presses Lindsey Halligan on why she is using US attorney title

‘Don’t Touch Me!’ – Shock Video Shows Female Fox Commentator Rushed by Yelling Man the Moment She Walks Into ‘Jubba Daycare’ Center in Ohio

DeSantis Says Florida Considering Filing State Charges Against Maduro: ‘Stay Tuned’

Chicago teacher disappears, husband pleads for help finding her

Not Joking: Somalian President of UN Security Council Is Now Tied to ‘Home Health Agency’ Convicted of Medicaid Fraud in Ohio

Man drops engagement ring from 118-foot bridge during proposal, but there’s a happy ending

Watch: Trump’s DHS Delivers Horrible News to Ilhan Omar – She ‘Absolutely’ Can Be Denaturalized and They’re Investigating on ‘Massive’ Scale

Judge clears way for Minnesota welfare fraud ringleader to forfeit Porsche, millions held in accounts

Aldrich Ames, CIA officer who spied for Russia, dead at 84

Democrats walk Venezuela tightrope as some praise Maduro’s ouster

“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.”