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4M ago

U.S. Drivers Enjoy Lowest December Gas Prices Since 2020 Amid Strong Supply

U.S. drivers benefit from the cheapest December gas prices since 2020, with the national average below $3 per gallon due to strong supply.

U.S. drivers are seeing lower gas prices this holiday season, according to AAA
PBS NewsHourPBS NewsHour

U.S. drivers are seeing lower gas prices this holiday season, according to AAA

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PBS NewsHour
US drivers are seeing lower gas prices this holiday season
Boston HeraldBoston Herald

US drivers are seeing lower gas prices this holiday season

Boston Herald
US Drivers Are Seeing Lower Gas Prices This Holiday
NewsmaxNewsmax

US Drivers Are Seeing Lower Gas Prices This Holiday

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Overview

A summary of the key points of this story verified across multiple sources.
1.

U.S. drivers are experiencing significantly lower gas prices this holiday season, with December marking the cheapest month for fuel costs nationwide, according to recent AAA data.

2.

The national average for unleaded gasoline has remained below $3 per gallon since December 2, hitting $2.85, a decrease from last year and last month.

3.

Oklahoma has the lowest average gas price at $2.30; Hawaii reports the highest at $4.44, followed by California and Washington, highlighting regional disparities.

4.

AAA attributes these favorable prices to strong supply, with West Texas Intermediate crude oil remaining below $60 per barrel throughout December, ensuring stable pricing.

5.

Despite lower gas prices, consumer confidence declined in December to its lowest since April, and year-on-year inflation still exceeds the Federal Reserve's 2% target.

Written using shared reports from
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