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To report lows. this is exciting. i love filling up my gas tank. the national average is $2.19. last year it was a dollar more than that at this time. the averages are even lower in some states. stuart varney, happy new year to you. this is like a new year's present for everybody at the pump. >> american technology which has found a way to get more oil out of the ground in existing wells. it's called frack or horizontal drilling. americans invented this, put it into practice and now we have a surplus of oil that's driving the price down. there are 7 states in america where the average price fo...

First state in five years to have the average gas price below $2. $1.98 per gallon to be exact. one station is at $1.75 a gallon. this is below the national average of $2.32. why? well, oil prices continue their plunge. you look at where they are, they're 50% from their highest level this year. now you are seeing a bit of pressure on oil happen today because of some unrest in libya, but that's not expected to affect oil prices that much. you can expect to enjoy those lower gas prices for much longer time. but we are seeing some pressure on oil momentarily not by much, though, randi. >> alison ...

Energy stocks are falling a lower oil prices and comments from the head of the european central bank signaling it is waiting until next year to add stimulus to the euro zone economy. the good news, check this out, this gas station in oklahoma city selling gas for $1.99. the first station in the nation to sell gas under $2 in more than four years and is igniting a price war in oklahoma. a fishnet had it for $1.98. which station, which cities, what is next. keep your eye on st. louis, houston and charleston. now, aaa says gas prices today nationally $2.73, down $0.53 in the past year. real money...

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