WKYT | Lexington, Kentucky | News, Weather, Sports

Gas Prices Fall Below $2.00 Per Gallon

What a welcome sight it is! Gas prices dropped Friday to a level not seen in Lexington for years.

For the first time in close to three years years, gas prices are below two dollars a gallon.

They dropped in the morning and kept falling all day. One station on Augusta Drive was selling gas for $1.99 as of Friday afternoon.

Prices at the pump continue to fall because the price of crude oil is leading the way.

A barrel of oil is now selling for $67.81. Over the course of the month of October, the price of crude oil fell 32%.

The price at the pump has dropped by about half since it peak this summer. That drop is expected
to result in a staggering $100 billion in annual savings for American households.


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