AAA: Americans Saved $14 Billion on Gas in 2014
American consumers saved $14 billion on gasoline this year compared to 2013, according to new estimates from the auto group AAA.
Broken down by household, consumers saved $115 when filling up at the pump in 2014, AAA said in its monthly gas price report on Wednesday.
“U.S. drivers ended the year on a high-note with gas prices plummeting over the last few months,” said Avery Ash, AAA spokesman. “Cheaper gas prices have helped to improve the economy by boosting both consumer confidence and disposable income.”
AAA said savings are expected to be bigger next year as long as the price of crude oil remains low.