December 2024 Gasoline Worth Replace: East Coast Averages Sub-$3 Costs – Gasoline
During the last week, costs rose within the Midwest area. The Gulf Coast noticed the best dip in costs, reducing 5 cents.
Picture: EIA/Automotive Fleet
Heading into the winter, fuel costs proceed their downward development, however the nationwide modifications are minimal. The U.S. nationwide common fuel worth dipped ever so barely however stayed comparatively the identical at $3.03, in line with U.S. Power Data Administration (EIA) information. Costs year-over-year are down 19 cents.
Nonetheless, Patrick De Haan, head of petroleum evaluation at GasBuddy, reported fluctuations within the nationwide common, reflecting a short $2.99 worth per gallon on Dec. 2nd at 12:30 p.m. ET. He famous that People final noticed such low costs in 2021 because of Covid-19-related shutdowns.
“Seasonal tendencies may probably deliver even decrease costs this vacation season earlier than fuel costs begin their annual climb subsequent spring. Nonetheless, a shift in financial insurance policies underneath the incoming Trump administration may affect the everyday seasonal carry,” De Haan continued. “With the Federal Reserve now attacking inflation by elevating rates of interest, progress has cooled, permitting gasoline costs to return to a degree not witnessed in years.”
See how diesel costs are altering per area on Work Truck.
U.S. Regional Gasoline Costs as of December 2, 2024
Right here’s a have a look at costs by area in line with EIA information, as of Dec. 2:
- East Coast: $2.98
- Midwest: $2.90
- Gulf Coast: $2.58
- Rocky Mountain: $2.78
- West Coast: $3.86
During the last week, costs in most areas decreased. A notable shift was seen on the East Coast, with costs falling beneath the $2.99 or decrease common. The Midwest noticed a rise of about 4 cents.
Right here’s an inventory of the ten lowest common costs per gallon, in line with AAA information as of Dec. 2:
| Rank | State | Common |
|---|---|---|
| 1 | Oklahoma | $2.49 |
| 2 | Texas | $2.58 |
| 3 | Mississippi | $2.61 |
| 4 | Arkansas | $2.63 |
| 5 | Iowa | $2.67 |
| 6 | Tennessee | $2.68 |
| 7 | Kansas | $2.68 |
| 8 | Missouri | $2.69 |
| 9 | Louisiana | $2.71 |
| 10 | South Carolina | $2.73 |
Oklahoma has remained the primary state with the most affordable worth for a gallon of fuel at $2.49, which is sort of 10 cents cheaper than the next states. At the moment, 31 states have a $2.99 or decrease common for a gallon of fuel.
