Yes, you read that right. $2.19/gallon for regular gas, and I’ve even seen it for a bit cheaper at some off-brand gas stations. The amazing part is that literally less than a year ago (probably much more recent than that, but I don’t recall specific dates for specific gas prices) I had seen that same gallon go for almost $2 more/gallon. More amazing is that $2.19 really isn’t all that far off from what gas prices were like pre-gas crisis. Finally, MOST amazing is that gas prices actually came down this much this fast. Usually, it takes a lot longer for prices to go down than it does for them to go up.

So why the sudden drop in gas prices? I’m no market analyst, but the easy explanation is that the price per barrel of oil has dropped. The next question is, why did the oil market tank? That is a question the smartest minds in the financial world are haggling over as we speak, so I’ll leave a more educated response to them.