Filled my car up at $1.36 at the Casey’s General Store in Lexington last night. Could sub-$1 per gallon gas be in our future?
Given that the average per gallon tax (state + fed) is about 50 cents, the tax may become the majority of price.
http://www.api.org/Oil-and-Natural-Gas-Overview/Industry-Economics/Fuel-Taxes/Gasoline-Tax
I doubt it.