Average U.S. Gas Prices Dip Below $2.00 For First Time Since 2009

• According to Gas Buddy, the national average selling price of gas at the pumps dipped below $2 a gallon.
• The last time the national average selling price of gas was below $2 occurred on March 25, 2009.
• Gas Buddy noted it was simply a matter of when this would occur, not if.

The national average selling price of gas at the pumps has dropped below $2 per gallon, giving consumers a timely relief ahead of the holiday season.

According to an email sent to subscribers, Gas Buddy said the last time the national average price of gas was south of $2 per gallon occurred on March 25, 2009. At time of writing, over 66 percent of gas stations across the US are selling gas at $1.99 per gallon or less.

Gas Buddy predicted in late November that the national average is expected to dip below $2 per gallon in time for Thanksgiving.

Related Link: Happy 'Tanksgiving'! Lowest Gas Prices Since 2009 To Come This Week

The popular gas price tracking and analysis website noted that its prior prediction may have been a bit delayed as national benchmark previously failed to dip below $2 per gallon as fuel prices have been "stubbornly slow" at dropping in the West.

"It was not a matter of whether it could happen but when," Gas Buddy said in its letter. "Various factors have pushed global crude oil prices consistently lower, fuel supply in much of the country has been higher and consumer demand has been unremarkable."

Finally, Gas Buddy said that consumers will enjoy low gas prices as they will stick around "for a good portion of the winter."