69ºF

Prices plunge at gas pumps for holiday travel

TAMPA, Fla. – The plunge at the pump continues Monday morning as gas prices fall below $2 in Georgia and Tennessee, and Florida could soon follow.

The national average price of gas is about $2.41, down more than 80 cents from the same time last year, according to AAA.

In Florida, the average price is a little higher at $2.48. In Orlando, prices at the pump seem to be at around $2.42 on average.

AAA said when 89.5 million Americans hit the road they will find the cheapest gasoline since May 2009 and the cheapest Christmas Day prices since 2008.

"Plunging pump prices have boosted disposable income by more than 3.5 percent, which encourages Americans to travel" said AAA spokesman Mark Jenkins. "AAA expects the highest number of travelers during the year-end holidays on record, which dates back to 2001."

According to the Energy Information Administration, if prices remain at these levels, households will save $550 next year.