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U.S. Gasoline Prices at Lowest Levels Since 2008 Recession

There's some good news for consumers. Gas prices in the United States are at their lowest levels since the recession in 2008. The average gas price per gallon nationwide is $2.44 per gallon. According to the Lundberg survey across 2,500 filling stations, gas prices have dropped $0.27 in the past three weeks. 'Consumers are winners at this point,' the survey noted. 'It is a big historical discount to last year.' Drivers are now paying more than a dollar less a gallon for gas compared to a year ago. We're seeing prices fall because gasoline supply is growing, Lundberg said. Charleston, South Carolina saw the cheapest gas prices at $1.94 per gallon. But on the opposite side of the country, drivers paid $3.31 per gallon for gas in Los Angeles. Overall, oil prices have dropped nearly 60% since June of last year. TheStreet's U-Jin Lee reports from New York.



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