The average price at the gas pump is below $2.00 a gallon — which was the cheapest price for fuel on New Year’s Day since 2009.
Drivers may pay even less for gasoline in 2016 than they did last year. Triple-A estimates the annual average price of gas in 2016 is likely to end up between $2.25 and $2.45 per gallon, which would be cheaper or at least comparable to this year’s average of $2.40 per gallon.
The prices are even lower in the Tampa Bay area. According to Triple-A, the average price for a gallon of gas in Tampa is $1.92 per gallon. In the Sarasota area, average prices are $1.96 per gallon. The current national average is $1.99.
Experts believe gas could drop another 15 cents per gallon, then rise again in the warmer months as demand increases.
Compared to last year, drivers are currently saving about $5.00 per tank when they fill up.
The Associated Press contributed to this report.