Gas prices plunge to lowest level in years just in time for Christmas
American consumers continue to
catch a break at the gas pump with roadside assistance company AAA
reporting that the national average price for a gallon of regular gasoline fell to $2.85 Monday.
It was up to $2.86 Tuesday but has stayed below the $3 mark since Dec. 2.
The average dipped below $2.90 for the first time in more than four years last week, punctuating what has been a steady
decline in prices over the past month. Deriv.com contributor and CEO of financial education site First Information Vince Stanzione said the president’s push for lower gas prices and the global oil supply are helping
ease prices across the country.
“As we head into 2026, the world remains well supplied with oil, and with President Donald Trump openly pushing for cheaper energy, the path of least resistance for crude is lower,” Stanzione said in an email to
The Independent. “The world remains oversupplied with oil, and Russia continues to sell its oil to willing Indian refiners, which then resell refined products back to Europe, keeping global prices down.”