Cheapest national average price for regular gas at Christmas since 2020

The national average price for a gallon of regular gas dropped again on Christmas Day to $2.847, according to AAA. 

This marks the fifth consecutive week of falling prices at the pumps and is the lowest national average price for a gallon of regular gasoline on a Christmas Day since 2020, when it was $2.22 per gallon during the week of Dec. 21, 2020. In December 2021, the average price for a gallon of gas was $3.307, and every subsequent Christmas was over $3 per gallon. 

The current price of gasoline is also the lowest fuel cost in the United States since March 2021, when the average cost of gas was $2.81 per gallon, according to the U.S. Energy Information Administration. Forty states currently have gas price averages under $3 per gallon, the most states with such a price in years. Of the 11 remaining areas with gas prices over $3 per gallon, including Washington, D.C., eight have Democratic governors.

Fuel costs have gradually decreased since the end of October and early November. On Oct. 2, the national average price for a gallon of gas was $3.16. By the end of the month, gas prices dropped to $3.04 per gallon. After fluctuations and flirtations with fuel prices under the $3 per gallon threshold throughout November, the national average gas prices fell under $3 for the first time in four years on Dec. 2. They have continued falling ever since. A week ago, the national average price for a gallon of regular gas was $2.896, and on Christmas Eve, prices dropped to $2.854 per gallon.

Gas prices vary throughout the U.S., depending on the region of the country. The West Coast has the most expensive gas prices in the country, while states in the Gulf of America and the Midwest typically have the lowest. Notably, there are currently 11 states with average gas prices under $2.50 per gallon.

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Oklahoma is the state with the lowest gas prices in the country, with an average price of $ 2.28 per gallon, according to AAA. Iowa has the next lowest gas prices at $2.39. This is followed by Arkansas at $2.40 per gallon and Texas at $2.42 per gallon. Colorado is next with a statewide average price of $2.44.

Hawaii has the most expensive gas prices in the country, significantly higher than the national average, at $4.42 per gallon. California is next at $4.28 per gallon. Washington state stands at $3.903 per gallon, while Alaska and Oregon have the fourth and fifth-highest gas prices in the country, at $3.55 per gallon and $3.47 per gallon, respectively.

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