Gas prices plunge to near three-year low

WASHINGTON, D.C. (December 5, 2024)— The national average for a gallon of gas is closing in on the $3 mark, shedding three cents since last week to $3.03. It has been less than a dime away from $3 for over a month as the waffling decline has been agonizingly slow.

The last time the national average was below $3 was May 11, 2021. Meanwhile, today’s national average for a kilowatt of electricity at a public EV charging station remained 34 cents.

“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. Hockley County, Texas, appears to have the lowest county average, at $2.30.”

According to new data from the Energy Information Administration (EIA), gasoline demand rose slightly from 8.50 million b/d last week to 8.73. Meanwhile, total domestic gasoline stocks rose slightly from 212.2 million barrels to 214.6, while gasoline production decreased last week, averaging 9.5 million barrels per day.

Today’s national average for a gallon of gas is $3.03, seven cents less than a month ago and 19 cents less than a year ago.

Quick gas stats

The nation’s top 10 most expensive gasoline markets are Hawaii ($4.56), California ($4.39), Washington ($3.99), Nevada ($3.66), Oregon ($3.53), Alaska ($3.46), Washington, D.C. ($3.22), Pennsylvania ($3.21), Illinois ($3.20), and Arizona ($3.18).

The nation’s top 10 least expensive gasoline markets are Oklahoma ($2.52), Mississippi ($2.62), Texas ($2.63), Arkansas ($2.63), Kansas ($2.67), Missouri ($2.69), Tennessee ($2.70), Iowa ($2.70), Louisiana ($2.73), and Kentucky ($2.74).

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12 Comments

Bill Byerly
1 year ago

Wow, going down around the country everywhere but here.. where it went up this week .10 a gallon to $4.09 a gallon at Costco, just east of San Diego.

Last edited 1 year ago by Bill Byerly
Cancelproof
1 year ago
Reply to  Bill Byerly

Even went down a little in Vegas, Bill.

Bill Byerly
1 year ago
Reply to  Cancelproof

Dang 😪

KellyR
1 year ago
Reply to  Bill Byerly

Tampa Fl area fell into the $2.60s range today.

Bill Byerly
1 year ago
Reply to  KellyR

Dang X 2 😢😢

GrumpyVet
1 year ago

LOL! We are “thrilled” it’s below $3 a gallon (obviously, we’ll take it), but I do longingly remember when it was $1.82. Maybe we are headed back to around there and can fill our strategic reserve back up.

Larry
1 year ago
Reply to  GrumpyVet

I remember when gas was 27 cents a gallon. The further back in time you go the cheaper things will get but it’s only relative. Incomes are a lot higher now. Maybe gas would be a lot lower if there were less people driving around in huge pickup trucks that never get the bed dirty and never tow a 5th wheel or TT.

GrumpyVet
1 year ago
Reply to  Larry

Larry, you’re old! 😉. Yep, I too remember the “gas wars” and gas being in the 30s. (Guess that makes me old too!) My dad had a Union 76 gas station in CA and thought he would have to close down when gas broke the .40 barrier.

Lee Ensminger
1 year ago
Reply to  GrumpyVet

I remember 15.9¢/gallon during a family RV trip out west when I was a child. It was during one of the “Gas Wars.”

Jesse Crouse
1 year ago

What about Diesel for us DP users?

David
1 year ago

Last week in Chelan, $6.00 a gallon for gas without cornflakes..
It really hurts with an 80 gallon tank.
Arrg, Eeek, Yikes!
It was regular too….

Neal Davis
1 year ago

Thank you, RV Travel! I am seeing prices in the $2.5X/gallon range and lower for 87-octane gasoline. Happy new year and safe travels! 🙂