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Chicago area drivers enjoying gas under $2 a gallon

Sunday, December 28, 2014 - 01:16

Gas prices are at their lowest in five and a half years but drivers pulling up to one gas station in Illinois can't believe just how low the price has dropped. Mana Rabiee reports.

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The average price of a gallon of gas in the U.S. is as low as it's been in five and a half years. Even so, these drivers pulling up to this Amstar station in Lombard, Illinois outside Chicago can hardly believe the price of gas. Just ONE dollar and 91 cents. SOUNDBITE: SAVAS MAVRIDIS, CUSTOMER SAYING: "I've never seen it below two bucks. It's ridiculous." SOUNDBITE: JENNIFER THEISSING, GAS CUSTOMER, SAYING: "This is huge that we are filling up for $36.00 as opposed to $70 or $80, which is what it normally costs me to fill up, so, I'm excited." Drivers who would normally pay 90 bucks to fill their truck said they were paying only 30. SOUNDBITE: MICHAEL FALZONE, GAS CUSTOMER, SAYING: (REPORTER) Get out of here. $30. (FALZONE) Yeah . It's pretty good!" Market watchers say the recent drop in gas prices is mostly driven by the price of crude oil. U.S. crude futures dropped for four straight weeks over the holidays. SOUNDBITE: Savas Mavridis, CUSTOMER, SAYING: "I thought it would be like $2.20 and that would be a bargain, but this is great!" Still, at these prices, the station manager isn't pulling in much of a profit. SOUNDBITE: SAVAS MAVRIDIS, CUSTOMER SAYING: "I mean it kind of scares me. Last time we saw it get down this low, is right before the crash, but I'm okay with it. My wallet is liking it." Analysts say the drop in gas prices was also driven by slower demand coupled with dramatic growth in oil production, especially in the U.S. and Canada.

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Chicago area drivers enjoying gas under $2 a gallon

Sunday, December 28, 2014 - 01:16