Truckers, in particular, can celebrate, since diesel fuel is priced on average at about $2.48 a gallon right now, about 48 percent less than a year ago. Regular gas costs about $2.06 a gallon, on average, or about 35 percent less than it did last year. If you're looking to see how the trend is going, both gas and diesel prices are down two or three cents a gallon in the past week alone.
These costs are driven largely by the Midwest. Michigan has the country's lowest-priced gas at about $1.80 a gallon, and states such as Oklahoma, Missouri, South Carolina and Ohio are all within a penny or two of that figure. Not as happy are the folks out west. Hawaii, per usual, has the country's most expensive gas at more than $2.80 a gallon, followed up by California at $2.69 a gallon and Nevada at $2.53 a gallon.
The only folks who may not be ready for the full-fledged party are sellers of hybrid and plug-in vehicles, which have been banking on higher gas prices to push consumers towards alternative powertrains. Last month, US sales of hybrids, plug-ins and diesel fell 27 percent from a year earlier. Even after factoring out the stop-sale of Volkswagen diesels, green-car sales still fell 16 percent compared to November 2015. Who's happy now?