Christmas Day Gasoline Prices Set To Fall To Covid-Era Levels

Group 1 - U.S. gasoline prices are projected to drop to the lowest level since 2020, with an average of $2.79 per gallon expected on Christmas Day, down from $2.95 per gallon a year ago [1] - The national average price of gasoline has decreased to $2.905 per gallon, down from $3.030 a year ago, marking a continued downward trend [3] - Diesel prices have also declined significantly, with the national average currently at $3.642 per gallon, down from $3.765 a month ago [3] Group 2 - Crude oil prices are falling due to global oversupply, weaker-than-expected demand growth, and reduced geopolitical risk premiums, with Brent crude at $59.88 per barrel and WTI crude at $56.12 per barrel [4]