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Gas prices: National average falls to under $3.04 per gallon

Gas prices: Decrease at the pumps as gas costs match lowest price in 2024 Gas prices: Decrease at the pumps as gas costs match lowest price in 2024

Gas prices continued to decrease across the country, with the national average cost for a gallon of regular gas falling to $3.037, according to AAA. This was a three-cent drop from a week ago when the cost of regular gas was $3.067 per gallon. Tuesday’s price is also less expensive than a month ago when a gallon of regular was $3.103.

The price of gas price has gradually decreased since the summer. Tuesday’s price is the lowest national average price for gas since May 2021, when the average cost for regular gas was $2.985 per gallon, according to the Energy Information Administration. Since then, high gas prices have been a financial burden to drivers at over $3 per gallon and, for a brief period, over $4 per gallon.

For most of his term, President Joe Biden has been plagued as the country endured by high gas prices. After hitting record highs in 2022, the highest in the nation’s history, gas prices began to decrease later in the year. After another spike in 2023, gas prices began declining again in May 2024 and have continued to fall each month.

However, even with the substantial decrease in price for gas over the last half of the year, prices remain higher now than when President-elect Donald Trump was in office between January 2017 and January 2021. With Trump set to take office on Jan. 20, 2025, it remains to be seen what will happen with gas prices during Trump’s second term.

Meanwhile, gas prices continue to fluctuate across the nation. Hawaii has the most expensive gas prices in the country, at $4.566 per gallon. Meanwhile, Oklahoma has the least expensive gas in the nation, at $2.497 per gallon. Click here to see the cost of gas in different states. Read below to see the average prices for a gallon of regular gas in and around Washington, D.C.

Delaware

Gas prices in Delaware dropped on Tuesday, falling to $2.942 per gallon. This was over a six-cent decrease from a week ago when a gallon of regular gas was $3.008. Over the last month, gas prices in the First State have fluctuated a great deal. Most recently, the high point for regular gas in Delaware was in late November when a gallon of regular gas cost $3.081. Yet, a month ago, gas prices had fallen to $2.969 per gallon. Overall, Tuesday’s gas price in the state was less expensive than this time last year when the price was $3.103 per gallon.

Maryland

Gas prices also dropped in Maryland on Tuesday, falling to $3.034 per gallon. This was a decrease from a week ago when a gallon of regular gas in Maryland was $3.09. Similar to Delaware, Maryland also had a significant price fluctuation in November. Earlier in November, gas prices had soared in Maryland with a cost of $3.157 about two weeks ago. Recently, however, gas prices have trended downward in the state. Tuesday’s price was less expensive than a month ago, when regular gas was $3.062 per gallon.

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Virginia

Like Delaware and Maryland, the average price for a gallon of regular gas in Virginia also decreased on Tuesday, dropping to $2.925. This was a slight drop from last week when the cost was $2.952 per gallon. Gas prices have also fluctuated in Virginia over the last month, however, recently, the price of gas has hovered around the $3 per gallon mark. Tuesday’s price is less expensive than a month ago in the state, when people in Virginia paid $3.011 per gallon.

Washington, D.C.

Gas prices in Washington, D.C. have remained steady over the last few weeks, with the average price for a gallon of regular gas falling in the price range between $3.24 and $3.30. Tuesday’s price of $3.24 was a very slight decrease from Monday’s cost of $3.242 per gallon but an ever-so-slight increase from a week ago, when the price was $3.235 per gallon. A month ago, a gallon of regular gas in the nation’s capital cost drivers $3.281 per gallon.

This article was originally published at www.washingtonexaminer.com

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