The national average price for a gallon of regular gas rose yet again, marking the fifth straight of increases less than a week before Christmas.
The price of gas stood at $3.05 per gallon on Friday, according to AAA. This was an increase of over two cents compared to a week ago. The cost for a gallon of regular gas had fallen to $3.011 earlier this month.
Despite the recent increases, gas prices had been trending downward for weeks. The cost of gas is the lowest in the country since May 2021, when the average price was $2.985 per gallon, according to the Energy Information Administration. In June 2021, prices gradually increased, reaching record-high averages of over $4 per gallon. After setting the highest national average price in the country’s history in 2022, costs began to fall. In 2023, gas prices rose again and peaked in April 2024 before steadily dropping in May.
Gas prices have been a controversial political topic for most of the time President Joe Biden has been in office. After reaching record national prices, Biden assured the nation that gas prices would fall. Years later, near the end of his term, that promise has finally come to fruition. Nevertheless, despite this year’s substantial decrease in gas prices, gas costs remain higher now than when President-elect Donald Trump was in office between January 2017 and January 2021.
Meanwhile, gas prices continue to fluctuate throughout the country, with average prices in some states near $2.50 per gallon and over $4.50 in others. Hawaii has the highest average price for a gallon of gas, at $4.539. Oklahoma has the cheapest gas prices in the country, at $2.581 per gallon.
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Gas prices for states in the Delmarva region are lower than the national average – all except the average cost for a gallon of gas in Washington, D.C. In Delaware, the cost for a gallon of gas is the cheapest in the area and the least expensive of all states on the East Coast, with a price of $2.754. In Maryland, the average price for a gallon of regular gas is $2.905, slightly more expensive than the First State but still less than the national average. In Virginia, regular gas costs $2.88 per gallon. And in Washington, D.C., drivers in the nation’s capital have the most expensive price for gas, with a cost of $3.226 per gallon.
Click here to see the current prices of gas in other states throughout the country.
