OPEC bets against U.S. fracking
This month, the OnCue Express gas station in Oklahoma City lowered its price for a gallon of regular gas to $1.99.
Nationwide, the average price is $2.41 per gallon, down from a high of $3.70 the end of April. Gas prices are the lowest they have been in five years and are expected to decline further, following the $50 collapse in oil prices since this summer.