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You Are Here: Home > Articles > Contributors > Gas Update: $317.4 Billion Annual Savings

Gas Update: $317.4 Billion Annual Savings
Nov 24, 2008

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Dr. Mark J. Perry

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National Average: $1.89 (lowest price since February 2005)
National Low: $1.35 in Kansas City
Estimated Annual Savings: $317.4 billion, based on the drop in gas prices from the peak of $4.12 per gallon in July to the current $1.89 ($1.4235 billion annual savings for American consumers and businesses per penny decrease in gas prices, see calculations here).


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