by Katy Grimes, E&E Legal Senior Media Fellow and California Globe Editor
As Appearing in the California Globe
Gas prices plunge to lowest level in four years just in time for Christmas
AAA is reporting on the lowest prices we’ve seen in quite a long time:
This holiday season is delivering cheaper gas prices as travelers hit the road in record numbers. The national average dropped more than 4 cents since last week to $2.89. This is the cheapest December at the pump since the end of 2020. Crude oil prices remain low, and despite an increase in gasoline demand over the holidays, supply is strong. Overall, 2025 has been a stable year for the national average with few fluctuations and no sharp spikes.
Today’s National Average: $2.896
One Week Ago: $2.940
One Month Ago: $3.077
One Year Ago: $3.034
According to new data from the Energy Information Administration (EIA), gasoline demand increased from 8.45 million b/d last week to 9.07 million. Total domestic gasoline supply increased from 220.8 million barrels to 225.6 million. Gasoline production increased last week, averaging 9.6 million barrels per day.Read more.
