Gas stations have been happy places these last couple of months. In fact, according to MSNBC, the price of gas has fallen by more than 7% across the nation in just the last month alone. This is pretty heady stuff considering it was just back in spring that folks were all a’ fretting about that mythical $5.00 gallon a gas galloping towards us all, breathing fire, whipping its frothing horse.
Now the question is, can gas drop back down below three bucks a gallon? The answer is already here, and it is a shocker. Yes, there are places in America right this moment where a gallon of regular gas can be had for less than $3.00 a gallon.
MSNBC looked into the matter. It found that five out of the 10 states with the cheapest gas were near the Gulf Coast. They say that a combination of low gas taxes and proximity to oil refineries leads to low gas prices.
The states with the cheapest gas are:
10. Missouri, Regular gas price per gallon: $3.23
9. Texas, $3.22
8. Virginia, $3.20
7. Georgia, $3.19
6. Arkansas, $3.17
5. Louisiana, $3.16
4. Tennessee, $3.08
3. Alabama, $3.07
2. Mississippi, $3.06
1. South Carolina, $2.99