Pulled up to the pump recently? If you have, you've probably noticed that gas prices are heading in the right direction, down!

Gasoline prices in South Dakota have fallen 4.7 cents per gallon in the past week, averaging $2.66 a gallon as of Sunday, according to GasBuddy's daily survey of 628 gas outlets in South Dakota.

The national average has fallen 5.4 cents per gallon in the last week to $2.60 a gallon.

Here's another stat that's bound to make you smile, according to the average cost of a gallon of gas as of Sunday, August 9 2015, prices were 76.7 cents per gallon lower than the same day one year ago and are 3.6 cents per gallon lower than a month ago.

According to Patrick DeHaan, senior petroleum analyst with GasBuddy, "It's the powerful combination of declining crude oil prices and robust production from U.S. refineries  that continue to pummel retail gasoline prices nationwide and it's a trend we expect to continue."

Gregg Laskoski, another senior petroleum analyst for GasBuddy says, "Overall Americans are paying 88 cents per gallon less than what we were paying a year ago and some states like Indiana and Kentucky are saving more than $1 gallon versus last year at this time."

Now for the best news, there are some experts that predict gas prices could continue to fall to $2.00 a gallon during the winter months if current production levels remain the same.

Merry Christmas early, right?

Source: KOTA News

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