NPR

What's Driving Low Gas Prices? A Global Oil Glut

Gasoline prices have been dropping steadily for months; they're averaging right around $2.25 per gallon nationally. Enjoy, but don't get used to them, analysts say.

Gas is relatively cheap these days. Enjoy those low prices, but don't get used to them, analysts say.

An oversupply of oil on the world market has triggered a steady slide in gas prices, bringing Americans some of the cheapest gas in years as 2019 kicked off.

Nationally, regular was averaging around $2.25 per gallon at the start of January — the lowest price for this time of year since 2016, according to AAA.

It's welcome news for

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