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According to AAA, they say that historically that the end of the year offers some of the cheapest gas of the year. In 2018, the average gas price was $2.26 on December 31.
In 2019, they expect gas prices will be in the $2.40 to $2.45 range on average, up 15-to-20 cents more than last year.
“Depending on where you live in the country, you will see gas prices drop anywhere between a nickel and a quarter this month. While that will offer savings to motorists, it is not as much as they saw last December,” said Jeanette Casselano, AAA spokesperson. “Gas prices are more expensive year-over-year in part due to higher crude prices this winter over last.”
West Coast Outlook:
- West Coast: After a number of refineries underwent planned and unplanned maintenance, pump prices spiked earlier this fall as a result of tight gasoline supply in the region. The good news is the current supply levels are at a surplus since mid-November. These increased gasoline stock levels, amid lower demand, have helped to push prices down this month and will likely continue to put downward pressure on prices in the winter months ahead. Motorists are likely to see gas prices decrease as much as a quarter in the foreseeable future.
