Summary
Gas prices in the U.S. are lower this December, with the national average for unleaded gasoline staying below $3 per gallon. This is the most affordable December for gas prices since 2020, and the drop in prices is partly due to a steady supply of crude oil.
Key Facts
- The national average price for unleaded gasoline dropped to about $2.85 per gallon on Monday.
- On Tuesday, the price was about $2.86 per gallon, still below $3.
- Hawaii had the highest average gas price at around $4.44 per gallon.
- Oklahoma had the lowest average gas price at about $2.30 per gallon.
- Gas prices are more than 18 cents lower compared to the same time last year.
- December 2023 is the cheapest December for gas prices since 2020.
- The decrease in gas prices comes as crude oil prices remain low.
- Consumer prices rose by 2.7% in November, but inflation is still above the Federal Reserve's target.
