Gas Prices Drop to Lowest Level of the Year

This holiday season, many U.S. drivers are getting the gift of lower gas prices.

According to data from motor club AAA, December has been the cheapest month for prices at the pump this year.The national average for unleaded gasoline has stayed below the $3 mark as Dec. 2, falling to it’s lowest level of about $2.85 a gallon on Monday.

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That figure has inched up slightly since, sitting at closer to $2.86 a gallon Tuesday – but consumers hitting the road ahead of the Christmas holiday will likely continue to see mild prices.

As always, some states have cheaper averages than others, due to factors ranging from nearby refinery supply to local fuel requirements. Hawaii had the highest average of about $4.44 a gallon on Tuesday,per AAA – followed by $4.30 in California and $3.92 in Washington. Meanwhile, Oklahoma had the lowest average at $2.46 a gallon.

Key Takeaways

• December 2024 has seen the lowest gas prices of the year in the U.S.
• The national average is currently around $2.86 per gallon.
• Gas prices vary significantly by state, with hawaii having the highest and Oklahoma the lowest.

AAA provides a daily gas price report with state-by-state averages.