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U.S. Gas Prices Seen Hitting $2.79 on Christmas, Lowest Since 2020

Analysts attribute the expected holiday low to supply gains following refinery maintenance.

Overview

  • GasBuddy estimates motorists will save more than half a billion dollars on fuel during Christmas week compared with last year.
  • AAA projects 122.4 million Americans will travel at least 50 miles from Dec. 20 to Jan. 1, surpassing last year’s record.
  • GasBuddy’s Patrick De Haan cites completed refinery maintenance, rising supplies and weaker winter demand as key drivers of the decline.
  • The White House credits President Trump’s energy policies for the lower prices, while market reports emphasize supply and seasonal factors.
  • AAA reports today’s national average at about $2.91, with Pennsylvania at $3.15 and New Hampshire county averages ranging from $2.84 to $3.02.