Gas Prices Could Finally Drop Back Below $3 Nationally by This Weekend
By:
Pete Grieve
Pete Grieve
Reporter | Joined May 2024
Has also written:
See full bio
- The Share of Homes for Sale With Price Cuts Hit a 6-Year High
- Young Job Seekers Are Falling Victim to a ‘Money Mule’ Scam
- When Will the Fed Cut Rates? Cooling Inflation Builds Hope for September
- To Save Money on Insurance, Drivers Are Agreeing to ‘Incredibly Intrusive’ Monitoring Technology
- Why People Are Giving up on Buying Vacation Homes
Editor:
Brad Tuttle
Brad Tuttle
Senior Editor | Joined January 2014
Has also written:
See full bio
- Here’s Why a Gas Tax Holiday Isn't as Great as It Sounds
- Gas Prices Are Over $4 in Every State for the First Time
- 7 Strategies People Are Using to Combat High Gas Prices
- Gas Prices Just Passed $6 in a Major U.S. City for the First Time Ever
- Your State Taxes on Groceries, Income, Gas and More Could Soon Be Slashed
Shutterstock
Gas prices have dropped by almost $2 a gallon since they hit an all-time high in June, and forecasts show the national average could fall below $3 by Christmas.
The average gallon of gas in the U.S. now costs $3.06, while average prices are below $3 in 29 states, according to the price comparison app GasBuddy. At the high point last June, gas cost an average of about $5.02 nationally.
In a report Tuesday, GasBuddy forecasted that the national average would be $2.98 on Christmas, dropping below $3 on Dec. 24.
