CNN Business reports:
Dan Salaja was a teenager with a new license last time he remembers gas selling for less than a dollar a few decades ago. “If I was a betting man, I would have bet a large amount of money we’d never see gas for less than a dollar again,” said the manager of Casey’s General Store in Wautoma, Wisconsin.
But Salaja’s store is selling gas for only 92 cents a gallon. And nearly 10% of stations across the state are also below $1 a gallon. Sub-$1 gas is still relatively rare nationwide. Only about 425 stations out of 130,000 US stations were selling gas for pennies on Tuesday, according to data from the Oil Price Information Service.
But the number of locations with cheap gas is climbing— it’s up from only about 100 stations a week ago. And gas for about a dollar is more common: roughly 1,300 stations are at $1.05 a gallon or less.