Gasoline Prices in the United States Continue To Fall Ahead Of Christmas

According to Patrick De Haan, head of petroleum analysis at fuel-savings platform GasBuddy, U.S. Gasoline prices have declined by $0.10 since Thanksgiving and are projected to fall further before Christmas, but holiday pricing might be close to the highest Christmas prices on record.

“Santa arrived early this year, bringing lower gas prices just in time for Christmas,” De Haan said, noting that the national average price of Gasoline had dropped 10 cents per gallon since Thanksgiving.According to AAA statistics, the national average price of a gallon of regular was $3.316 as of December 16.

After a big correction in worldwide crude oil prices at the end of November, fueled by worries about the new COVID variation, Omicron, U.S. prices finally started to decline last week.Nonetheless, Gasoline prices in the United States are still much higher than they were at this time last year when a gallon of normal costs an average of $2.158.”More declines are on the way. De Haan remarked on December 6 that a price of $3.29 per gallon “should materialize in the next few days.”

On Thursday, De Haan predicted that the national average for Christmas will be $3.25 a gallon, down from $3.32 today.Despite recent price drops, Gasoline is still more than $1 more costly than it was a year ago.Gas prices in America will be lower this Christmas than they were on Thanksgiving, but they are likely to be very close to the all-time high of $3.26 per gallon in 2013, according to GasBuddy.