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23.12.25 - 17:33
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Christmas Day Gasoline Prices Set To Fall To COVID-Era Levels (ZeroHedge)
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Christmas Day Gasoline Prices Set To Fall To COVID-Era Levels
Authored by Alex Kimani via OilPrice.com,
U.S. gasoline prices are set to fall to the lowest level since 2020, thanks to increasing supplies, despite some ongoing refinery maintenance, GasBuddy has predicted.
GasBuddy has predicted that U.S. motorists will pay an average of $2.79 per gallon on Christmas Day, down from $2.95 per gallon a year ago.
That will mark the cheapest gas since prices averaged $2.26 per gallon in the Christmas of 2020.
“Christmas is often when gas prices settle near the lowest levels of the year, and 2025 is no exception,” said Patrick De Haan, head of petroleum analysis at GasBuddy.
“Refinery maintenance has wrapped up, supplies are rising, and winter demand is much lower than in summer — all of which help keep a lid on prices.
Provided there are no surprises; holiday travelers should see pump prices that come in a bit lower than last Christmas.
We're also seeing encouraging early trends as we prep...
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