Gas prices

economy chart 6

Gas prices have fallen dramatically in recent years. Most Americans paid less than $2 per gallon for regular gas in early 2016.

The dramatic plunge in prices is because so many countries around the world (including the United States) are pumping record amounts of oil. The low prices are helping Americans feel richer since they can save hundreds of dollars at the gas station.

First published September 6, 2016: 10:28 AM ET

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