Gas Price Decline: How Much Are We Saving?

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 |  Includes: OIL, USO
by: Mark J. Perry
Link for KC.

Based on the drop in the national average price of gas from the peak of $4.12 per gallon in July to $2.17 currently (see chart below, click to enlarge), American consumers and businesses will save $277 billion on an annual basis from lower gas prices.

click to enlarge