Oil Prices Continue to Drop

    Oil prices dipping below $40 a barrel in trading. The lower crude prices are translating to good news at the gas pump.

    FOX News’ Tom Graham explains:

    How low can they go? Gas prices continue to fall… The nationwide average for a gallon of regular now going for about $2.05.

    Triple-A says that’s about $0.70 cheaper than this time last year. The South is seeing the lowest price at the pump, the Alabama state average is about $1.85. South Carolina gas is averaging the lowest in the nation at $1.83.

    Meantime, California drivers are paying the most in the lower 48… A gallon of regular in the golden state average about $2.69.

    Tom Graham, FOX News.

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