• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 17 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 6 days They pay YOU to TAKE Natural Gas
  • 3 days How Far Have We Really Gotten With Alternative Energy
  • 3 days What fool thought this was a good idea...
  • 6 days Why does this keep coming up? (The Renewable Energy Land Rush Could Threaten Food Security)
  • 1 day A question...
  • 12 days The United States produced more crude oil than any nation, at any time.
Uzbekistan’s Big Gold Bet Looks Set to Pay Off

Uzbekistan’s Big Gold Bet Looks Set to Pay Off

Uzbekistan, the world's top gold…

Body Heat: A New Source of Energy for Buildings?

Body Heat: A New Source of Energy for Buildings?

Governments and businesses are exploring…

Millennials Drive EV Adoption in the U.S.

Millennials Drive EV Adoption in the U.S.

A recent survey from Statista's…

Julianne Geiger

Julianne Geiger

Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group.

More Info

Premium Content

U.S. Gasoline Prices Begin Falling Again

  • Gasbuddy: U.S. average gasoline prices have retreated to $3.06 per gallon on Monday.
  • The average price for a gallon of gasoline in the United States is now down 12.6 cents per gallon compared to a year ago.
  • The price of the U.S. crude oil benchmark WTI was trading down on Tuesday at $71.51 per barrel, a $0.14 slide on the day.
Gasoline

The last week of the year may have seen gasoline prices rise for U.S. drivers, but the new year has kicked off another price slide, GasBuddy said on Tuesday morning.

U.S. average gasoline prices have retreated to $3.06 per gallon on Monday, according to GasBuddy data. This is a 1.6-cent decline from a week ago today. GasBuddy data is based on 12 million individual price reports from more than 150,000 gas stations across the United States.

The average price for a gallon of gasoline in the United States is now down 12.6 cents per gallon compared to a year ago.

“After a brief hiatus, the national average has moved off its recent high, again falling closer to the $3 per gallon mark, setting up a potential second attempt at slipping below $2.99 for the first time since 2021,” GasBuddy’s head of petroleum analysis, Patrick De Haan said. “While gas prices have risen in some areas, such as California after refinery snags emerged, other states have returned to declines. Illinois is one such example, falling below $3 per gallon for the first time since 2021. The Great Lakes and Gulf Coast offer some of the nation’s lowest gas prices, with the window of opportunity holding for the next few weeks to potentially re-test some of the levels seen a few weeks ago. The good news continues for average diesel prices, which slipped below $4 per gallon again and stand at their lowest level since the summer.”

According to AAA data, the national average cost for a gallon of gasoline is $3.104, compared to $3.216 per gallon a year ago, and $3.247 per gallon a month ago.

The price of the U.S. crude oil benchmark WTI was trading down on Tuesday at $71.51 per barrel, a $0.14 slide on the day, compared to $76.93 a year ago today.

By Julianne Geiger for Oilprice.com

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment
  • George Doolittle on January 02 2024 said:
    Truly awesome amount of refined product in particular gasoline upon the USA fuels market at the moment absolutely. The amount of vehicles for sale upon the US market of every type and kind is approaching that of "waste" in point of fact the numbers and amounts being so massive yet sales to the end user so low.

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News