US gas prices could fall below $2 per gallon by Holidays

Gas for your Christmas vacation could get a lot cheaper, especially if you live in the United States.

The American Automobile Association (AAA) reports that gas prices south of the border could drop as low as $2 per gallon in December. 

The last time fuel was this cheap was way back in 2009.

AAA notes that average prices have already dropped 11 cents since October. The cost per barrel of crude continues to remain low as US production rates remain high.

This will likely mean cheaper prices at the pump for Canadian drivers as well. However, cheap crude continues to be a major obstacle for the economy. The low dollar has pushed up costs for other goods, meaning savings at the pumps won't likely give consumers' wallets a break.

Photo by Anthony M. Inswasty via Wikipedia. Used under CC BY-SA 4.0 license.