Gas Prices Remain Low Ahead of Holiday Travel

(Undated) — Holiday travelers may find a welcome gift at the pump this Christmas. According to GasBuddy Head of Petroleum Analysis, Patrick De Haan, the national average on Christmas Day is expected to land near $2.79 per gallon, below last year’s price of $3.00, saving motorists over half a billion dollars during the Christmas week compared to last year. De Haan says while 2024 previously represented the lowest Christmas Day price since 2020, this year continues that trend and marks another year of modest improvement for holiday drivers. He says even with millions of Americans traveling for the holidays, winter gasoline demand remains far lower than in the summer, helping keep a natural lid on prices. While unexpected refinery issues or international tensions could still introduce volatility, the overall backdrop is “far more favorable for Christmas travelers” than it was a few years ago when the re-opening economy surged prices. The current national average is hovering around $2.90 a gallon.