Gas Prices Drop to Lowest Since 2020
Update: 2025-12-17
Description
Good news for drivers this holiday season: gasoline prices are expected to hit their lowest point since 2020. The average price at the pump could drop to around $2.79 per gallon by Christmas Day, offering relief to motorists. This is a noticeable decrease from last years average of $2.95, marking the cheapest gas prices around the holidays since 2020. The national average has been on a downward trend, dipping below $3 a gallon and reaching its lowest point since 2021. Factors contributing to this trend include completed refinery maintenance, increasing supplies, and lower winter demand. Currently, the national average stands at about $2.91 per gallon, down from $3.03 a year ago. While prices vary by state, the overall trend is positive, with diesel prices also seeing a significant decline. This downward trend is largely due to a global oversupply of crude oil, weaker demand, and reduced geopolitical risks.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
x
