Today’s AAA National Average $4.610

Price as of 5/29/22

Month: December 2021

Gas Prices Drift Lower in the Face of Uncertainty

December 27,2021

WASHINGTON, D.C. — Gasoline prices fluctuated over the past few days as fears of an omicron-driven economic slowdown were countered by news of a severe fire at a major oil refinery. Last Thursday, four people were injured when a fire erupted at the Exxon Mobil…Read more »

National Average Descent Slows as Crude Prices Remain Elevated

December 23,2021

Since Monday, the national average for a gallon of regular gasoline has decreased by a penny to $3.29. According to new data from the Energy Information Administration (EIA), total domestic gasoline stocks increased by 5.5 million bbl to 224.1 million bbl last week. On the…Read more »

Gas Prices Keep Dropping But Is Omicron Playing the Grinch?

December 20,2021

WASHINGTON, D.C. — Gasoline demand surged last week, buoyed by increased pre-holiday consumer confidence. But fears of the COVID-19 omicron variant’s economic impact may threaten future global oil consumption.  As a result, pump prices fell again last week as crude oil prices wobbled—neither rising steadily…Read more »

Consumers Catch a Break as Gas Prices Drift Lower

December 13,2021

WASHINGTON, D.C. — Pump prices continue their slow seasonal descent, despite a slight rebound in oil prices due to waning fears of a global slowdown caused by the COVID-19 omicron variant. The national average for a gallon of gas fell two cents on the week…Read more »

Gas Prices Retreat on Fears of COVID-19 Resurgence

December 06,2021

WASHINGTON, D.C. (December 6, 2021)—Pump prices continue to tumble as fears of a possible COVID-19 global economic slowdown pushed oil prices into the mid $60s per barrel—a price not seen since August. Also helping to ease upward pricing pressure was the decision by OPEC and…Read more »