Holiday Gas Prices Drop to Lowest Levels Since 2020

National average gas price falls to $3.04, providing financial relief to millions of holiday travelers as road trips hit near-record levels.

The national average gas price of $3.04 is the lowest for the holiday season since the COVID-19 pandemic, down from $3.12 last year.
Oklahoma reports the cheapest gas prices at $2.46 per gallon, while Hawaii remains the most expensive at $4.54 per gallon.
AAA projects 107 million Americans will travel by car this holiday season, a 3 million increase from last year and close to pre-pandemic levels.
Factors contributing to lower prices include stabilized oil production, reduced crude oil costs, and seasonal demand decreases during colder months.
Regional disparities persist, with Gulf Coast states generally seeing lower prices due to proximity to oil production hubs, while West Coast states face higher costs.