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IPFS News Link • Energy

Gas below $2 around the corner

• CNN Money

Drivers across the nation should be paying about $2 for gas by the end of the year. For many drivers, prices below that mark are already here or will be soon.

The Energy Information Administration this week made a dramatic cut in its forecast for the national gas price: The agency is now predicting oil will fall to $2.03 a gallon by December.

Gasoline hasn't been that low since the depths of the recession in late 2008 and early 2009.

But that national average is inflated by some remaining areas of the country where gas remains high -- California, Nevada, Alaska and Hawaii in particular.

Drivers can find gas below $2 a gallon in 17 states, according to price tracker GasBuddy.com.

Cities where the average price is already below $2 include St. Louis, Toledo and Birmingham. The statewide average in South Carolina is already below $2, and six other states are poised to cross that mark soon.

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