US national gas price average rose two cents to US$3.12 in week ended Dec. 21, but was 17 cents lower month-over-month; gas demand decreased to 8.75 million b/d from 8.86 million b/d last week: AAA

WASHINGTON , December 21, 2023 (press release) –

The national average for a gallon of gas fell to a 2023 low of $3.06 on December 18, only to rebound six cents to $3.12. This marks the first weekly increase since September.

“Yukon Cornelius knows that Bumbles bounce, and evidently, so do gas prices,” said Andrew Gross, AAA spokesperson. “Daily gas prices will likely move back and forth for the next month or so.  Looking back at pre-pandemic 2019, the national average did not make a firm turn to moving higher daily until Valentine’s Day, February 14.”

For the complete report, including the latest EIA data and oil market dynamics, please visit https://gasprices.aaa.com/bah-humbug-it-may-be-a-wrap-for-falling-gas-prices/

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