US EditionUS drivers are seeing lower gas prices this holiday season
December gas prices fell below $3 nationwide due to mild crude oil costs and strong supply, marking the lowest December average since 2020, AAA reported.
- This holiday season, many U.S. drivers see lower prices as the national average for unleaded gasoline stays below the $3 mark since Dec. 2 and hits about $2.85 a gallon low on Monday.
- Because crude stayed relatively mild, motor club AAA says this month's cheaper prices arrive as supply remains strong and West Texas Intermediate stayed below the $60 per barrel mark for most of December.
- By state, Oklahoma reported the lowest average at about $2.30, with Arkansas and Iowa near $2.42, while Hawaii had the highest at about $4.44, followed by California and Washington.
- Consumers hitting the road ahead of the Christmas holiday will likely continue to see mild prices, with unleaded gasoline down more than 18 cents from last year and 21 cents from a month ago.
- According to motor club AAA, December is the cheapest month for pump prices this year and the cheapest December since 2020, but year-over-year inflation remains above the Federal Reserve's 2% target and many Americans still express frustration about high living costs.
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Associated Press News
US drivers are seeing lower gas prices this holiday season
This holiday season, many U.S. drivers are getting the gift of lower gas prices. According to data from motor club AAA, December has been the cheapest month for prices at the pump this year.
Gasoline Hits Lowest Price Since Biden Administration
Driver fuels up | djedzura via iStockPhotoAccording to AAA, the average gasoline price nationwide has dropped below $3 a gallon. That is welcome news for holiday travelers. Gas has not been this cheap since 2021. What was up with 2021 gasoline prices? President Joe Biden had a reputation as an EV advocate. So it may be surprising to find out how much he focused on gas prices. In 2021, the Biden Administration tapped the Strategic Petroleum Reser…
As millions of Americans prepare to travel during the decembrina holidays, the evolution of the price of gasoline is positioned as one of the main factors that alleviate the family budget. In a context of persistent inflation, fuel stability offers a more favorable scenario for those planning to travel by road during the Christmas season. According to GasBuddy, the average national price of the gallon of gasoline will be around $2.79 on Christma…
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