Gas prices: Decrease at the pumps to start the week sets new low for gas costs in 2024 – Washington Examiner

The national average price for a gallon of⁣ regular gas ‍has ⁢dropped to $3.056, marking the lowest cost⁤ in 2024.‍ This price represents a decrease from the previous week’s average of‌ $3.071 and is the lowest since ⁣May 2021. Gas prices have been declining since summer, providing relief⁣ to drivers who⁣ have faced prices ​over ⁣$3 per gallon, and occasionally over $4, for a period. While President Biden has struggled with high gas prices ‌during his tenure, the recent downward trend began in May⁢ 2024. However, current ⁢prices remain higher than during Trump’s ‌presidency (2017-2021). State-wise, Hawaii has the highest gas prices at $4.574 per gallon, while Oklahoma has ⁤the lowest at ⁢$2.514. In Delaware, recent prices have decreased to⁢ $3.039, and Maryland has experienced volatility, rising and ‍falling around the $3 mark.


Gas prices: Decrease at the pumps to start the week sets new low for gas costs in 2024 

The national average price for a gallon of regular gas dropped to a new yearly low on Monday, with a cost of $3.056, according to AAA. This was a decrease from a week ago when a gallon of regular gas was $3.071.

Gas prices have been gradually decreasing since the summer. Monday’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 the time he has been in office, high gas prices have been an issue for President Joe Biden. 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.

Yet, despite months of decreases at the pumps, gas prices remain higher today 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. Currently, Hawaii has the most expensive gas prices in the country at $4.574 per gallon. Meanwhile, Oklahoma has the least expensive gas in the nation, at $2.514 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 decreased on Monday to start the week. It continues the trend of falling gas prices in the First State after a couple of weeks of soaring prices earlier in the month. Monday’s price for regular gas in Delaware is $3.039, a decrease from a week ago when gas cost $3.119. For the most part, gas prices in the First State fluctuated between $3 and $2.95 per gallon. With Monday’s decrease, a gallon of regular gas in Delaware is cheaper now than a month ago, when it cost $3.044.

Maryland

Gas prices in Maryland have been quite volatile in November. Earlier this month, gas prices in Maryland hovered around $3 per gallon. They then increased to over $3.20 per gallon. Heading into the last week of the month, prices were back trending downward with a price of $3.118 per gallon on Monday, a decrease from $3.204 a week ago. Monday’s price is also slightly less expensive than a month ago, when regular gas in Maryland was $3.131 per gallon.

Virginia

Gas prices in Virginia fell to $2.954 on Monday. This was a decrease from a week ago, when a gallon of regular gas cost residents of Virginia $3.005 per gallon. For most of November, gas prices in Virginia were around the $3 per gallon mark. Monday’s price is also cheaper than the cost of gas in the state from a month ago when a gallon of regular gas was $3.055.

Washington, D.C.

Gas prices in Washington, D.C., decreased Monday to $3.234 per gallon. This was less expensive than a week ago when a gallon of regular gas cost $3.259. Monday’s price in the nation’s capital is cheaper than a month ago, when regular gas was $3.283 per gallon. Before Monday, prices were steady over the last month, fluctuating between $3.25 and $3.30.



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