Gasoline Prices Hit 5-Year Low

Photo Credit: Grant Hindsley AP

Photo Credit: Grant Hindsley AP

The average price of gasoline hit its lowest point in nearly five years Friday, following similar drops in crude oil prices.

The national average price was $2.60 a gallon Friday, the lowest since Dec. 27, 2009, auto group AAA said.

“There is no end in sight to lower gas prices as crude oil continues to fall sharply,” AAA spokesman Michael Green said in a statement.

The group had predicted that the price of gas would hit $2.50 a gallon by Christmas, but Green said that is now likely even sooner.

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