Low Gas Prices Could Save Families $550 in 2015

A government report released Tuesday predicts that the current drop in gas prices could save the average U.S. household $550 in 2015 versus this year. The $1,962 spent in 2015 will be the least spent on gas since 2004 when fuel cost families $1,598 a year.

Related: What’s the Most Affordable Car in 2014?

U.S. oil prices closed Tuesday up just 2 cents to close at $55.93 a barrel but is down 50 percent since June. Read more here.

Cars.com photo by Evan Sears