Gas prices rise slightly as holiday travel increases

Banking & Financial Services
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Marshall L. Doney President and CEO | AAA, FL

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After several weeks of declining, the national average for a gallon of gasoline has increased by two cents, reaching $3.04. This information was released on December 19, 2024, and highlights a shift in the trend of gas prices across the United States. The cost of electricity at public EV charging stations remains unchanged at 34 cents per kilowatt hour.

AAA spokesperson Andrew Gross commented on the situation, stating, "We could be heading into a period of relative stability when it comes to pump prices." He noted that despite some reports suggesting otherwise, the national average for gas did not drop below $3 this year. With an anticipated record number of 119 million people expected to travel during the holiday season—107 million by car—the demand for fuel is significant.

For more detailed information, including data from the Energy Information Administration (EIA), trends in gas and EV charging prices, and insights into oil market dynamics, further details can be found on AAA's website.

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