US national gas prices now lower than they were a year ago, AAA says
National average cost of a gallon of regular is $3.33, compared to $3.34 on this date in 2021
Biden’s strategic ‘political’ reserve should not be used to lower gas prices: Mike Sommers
American Petroleum Institute President and CEO Mike Sommers weighs in on the Biden administration’s plan to refill the Strategic Petroleum Reserve at $70 a barrel on ‘Mornings with Maria.’
Americans are now paying less for gas than they were at this time a year ago, according to data released Thursday by AAA.
As of Dec. 8, the national average cost of a gallon of regular gas is $3.33, down one cent from the same date in 2021.
The new average price is also 47 cents less than what it cost a month ago, when it was $3.80 per gallon.
However, prices of mid-grade, premium and diesel fuel remain higher than what Americans were paying last year.
WHAT THE OPEC+ OIL PRODUCTION CUT MEANS FOR GAS PRICES
A driver pumps gasoline at a Mobil gas station in West Hollywood, California, on Feb. 25, 2022. (AP Photo/Damian Dovarganes / AP Newsroom)
Diesel, which was on average $3.61 a gallon on Dec. 8, 2021, now costs $5 a gallon today, according to AAA.
BILLIONAIRE WARNS STOCK MARKET HASN'T PRICED IN ‘VERY HARMFUL’ FED RATE HIKES
Hawaii leads the U.S. with the highest regular gas prices, at $5.18 a gallon, followed by California with $4.62 and Nevada with $4.35.
A customer fuels a vehicle at a Shell station in Menlo Park, California, on June 9, 2022. (David Paul Morris/Bloomberg via Getty Images / Getty Images)
GET FOX BUSINESS ON THE GO BY CLICKING HERE
Those looking for the cheapest gas will find it in Texas, where it is just $2.76 per regular gallon, Oklahoma, where it is $2.82 and Arkansas at $2.87, the AAA data shows.
Gasoline prices are displayed on a pump at a Sheetz gas station in Elysburg, Pennsylvania, on March 8, 2022. (Photo by Paul Weaver/SOPA Images/LightRocket via Getty Images / Getty Images)
Gas prices reached an all-time high in June this year, when the national average at one point was $5.01 a gallon, AAA also reports.