Gas Prices Hit Three-Year Low

Image: Pumping gas at gas pump. (Photo Credit: manusapon / Adobe Stock)
Image: Pumping gas at gas pump. (Photo Credit: manusapon / Adobe Stock)
Donald Wood
by Donald Wood
Last updated: 2:15 PM ET, Thu December 5, 2024

As travelers prepare for the winter holiday travel period, gas prices have dropped to the lowest national average since 2011.

According to AAA Travel, the national average for a gallon of gasoline fell three cents since last week to $3.03, the lowest price since the average was below $3 on May 11, 2021. Prices have been less than a dime away from $3 for over a month.

“The national average is tantalizingly close to falling below $3 a gallon, and it could happen in a few days,” said Andrew Gross, AAA spokesperson. 

“But 32 states already have an average below or well below $3,” Gross continued. “Hockley County, Texas, appears to have the lowest county average, at $2.30.”

As for energy costs, the national average for a kilowatt of electricity at a public electric vehicle charging station remained at 34 cents.

Earlier this week, the TSA announced that Sunday, December 1, was the busiest air travel day in the administration’s history, with 3.087 million air travelers screened through security checkpoints nationwide following the busy Thanksgiving holiday season.


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