Gas Prices at Lowest Point Since February 2009 - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Gas Prices at Lowest Point Since February 2009

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UNDATED- Gas prices across the nation are officially the lowest they have been since February 2009, according to AAA Mid-Atlantic. 

The automobile club said international oil prices have sent the national average down. AAA Mid-Atlantic said oil prices are so low because of less demand for gasoline. The price of crude oil has dropped more than 70 percent compared to a June 2014 high, according to AAA Mid-Atlantic.

Gas prices were also very low in early 2015, so the current AAA national average is only 18 cents per gallon cheaper than a year ago, AAA Mid-Atlantic said. 

State averages vary, but Delaware and Maryland's averages continue to decline. AAA Mid-Atlantic said Delaware's average today is $1.81. It has decreased 7 cents in the last week. Maryland's average is $1.90 down 6 cents in the last week, according to AAA Mid-Atlantic. 

Some of the most drastic price differences in national averages are in Delaware, AAA Mid-Atlantic said. Harbeson, Del. has seen a change of nearly 50 cents since last year and Laurel nearly 47 cents, the organization said. 

The sharp decline in oil costs since the start of 2016 may lead to even lower gas prices if certain global economic factors fall into place, according to AAA Mid-Atlantic, which said prices will stay low if global oversupply and economic concerns persist.

Their predictions for the annual average price of gas in 2016 is $2.25-$2.245 per gallon, AAA Mid-Atlantic said.

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