Gas Prices Remain Below 2024 Average

(Undated) — Gas prices remain well below year-ago averages. According to GasBuddy Head of Petroleum Analysis, Patrick De Hann, for the fifth straight week, the national average price of gasoline has declined, with all but a handful of states seeing prices move lower. He says oil prices have remained relatively low even amid the U.S. blockade on Venezuela’s oil exports. De Haan, says with refineries running at seasonally high output and gasoline inventories building, most states, outside of price-cycling markets, have continued to see declines, with some stations in nearly a dozen states now dipping below the $2-per-gallon mark. He says that trend could persist a bit longer before prices finally bottom out sometime in January or February. The national average is down 22.6 cents from a month ago and is 22.4 cents per gallon lower than a year ago. The national average is currently $2.82 a gallon.