CLEVELAND - Gasoline prices fell below $2 a gallon at several gas stations in the greater Cleveland area Thursday; the lowest prices in nearly a decade.
Gas prices across the state continue to drop as global oil prices have fallen to around $60 a barrel. In the Cleveland area, the average price was below $2.40 a gallon.
Several stations, including one in Warrensville Heights, were selling gas for as low as $1.99 a gallon as a special promotion.
At Mash Oil Service Center in Akron, the price of gas Thursday evening was $2.37 a gallon, down two cents from where it was at midday.
"It usually goes up and up, but now it’s going the other way," said Lenville Mash, who has owned the business for the past 58 years.
And that makes his customers happy.
"I was looking for it to go up to $5 to see it back down to $2.39, it’s a shock. So I never thought I'd see it go down," Gerald Ivery said.
Others admit they never expected to ever see gas prices this low again.
"Not unless we were going back in time, you know, a time machine or something," said Brian Gladen, of Akron. “It’s incredible.”
The drop in gas prices is also good news to local retailers. Less money spent at the pumps means more money to spend during the holiday season for gifts and travel.
Jerry Seiler, of Portage Lakes, said where had been spending about $100 to fill the 36 gallon tank of his pickup truck, he now has to spend only about $50 to $60.
Some economists believe gas prices will continue to fall, but by how much and for how long is anyone's guess.