ECONOMY

U.S. Gas Prices Drop Ahead Of New Year

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Sources: 6

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Sources: 6

60-Second Summary

United States — Gas prices fell across multiple states this week, recently, driven by higher refinery outputs and growing gasoline inventories, according to GasBuddy data and local news reports. National average gasoline dropped four cents over the past week to $2.75 per gallon, while diesel declined 5.4 cents to $3.521 per gallon. Local averages reported declines in Peoria, Asheville, Indiana, Montana, Natrona County and Campbell County between late December and Monday, with some stations reporting prices as low as $2.19 and highs near $3.29. Analysts anticipate prices may bottom in January or February. Based on 6 articles reviewed and supporting research.

About this summary

This 60-second summary was prepared by the JQJO editorial team after reviewing 6 original reports from https://www.25newsnow.com, County 17, Oil City News, WLOS, KPAX and WBIW.

Timeline of Events

GasBuddy reports the national average gasoline decline for the fifth straight week in late December 2025.
Local outlets publish regional price drops: Peoria, Asheville, Montana, Indiana, Natrona County, and Campbell County report lower averages.
National averages recorded: gasoline $2.75/gal and diesel $3.521/gal, with week-over-week declines around 4¢ and 5.4¢ respectively.
Price range observations note station-level lows near $2.19 and highs near $3.29 across different markets.
Analysts comment that seasonally high refinery outputs and rising inventories could keep prices soft until January–February 2026.