Gas prices are the lowest since 2021

[BumRushDaShow]

Source: Axios

4 hours ago


Gas prices haven't been this low since spring 2021.

Why it matters: Displayed prominently on big signs everywhere you drive, prices at the pump are a key economic indicator for the general public.

The recent lows are a big sign that inflation is increasingly in our rear-view mirror.

And, of course, the lower prices are happy news for drivers — especially ahead of the holiday driving season.

By the numbers: The average gallon of gas cost $2.98 on Monday, and has been under $3 since Saturday, according to GasBuddy data.

Between the lines: The good news comes too late for the Biden administration, which suffered politically when inflation and the war in Ukraine drove prices above $5 a gallon in 2022.

Instead, low gas prices are more likely to benefit President-elect Donald Trump, who campaigned on bringing them down

.

Read more: https://www.axios.com/2024/12/09/gas-prices-us-average-lowest-biden

---

Wait till Syria gets ramped up if they can't agree on a governmental structure.

[elleng]

1. Went up here, to 3.13; was 3.09 recently.

[TexasBushwhacker]

2. Saw a station that had it for $2.29 the other day n/t

[Windy Apple]

3. Here...

It dropped 70 cents overnight and shortly after the election

[Rhiagel]

4. Ours jumps back to $3.19 every time it starts getting lower.

For the last year or so, the service stations around here have been playing this game. It will s-l-o-w-l-y drop to around $2.80ish for a day or 2 , then BAM back up to $3.19 just like that. It's not just one station, but about 10 or more stations in the immediate area. And they all hit that mark simultaneously. It's like 1 decides to jack it up and the rest follow suit to that same exact amount.

A couple of years ago, the fall-back position was $3.49. There has to be collusion along the pipeline in order for ALL of them to hit the same jacked-up price every freaking time.

[TomJulie]

5. $2.19.9 At Sams Club

Been a LONG time since I've seen gasoline this low.

[Deminpenn]

6. It's been longer than that

I remember gas at $2.60/gal around the late 1990s.