Back to today’s briefing

Story perspectives

Gas Prices Drop to Lowest Since 2020 for Christmas

12/17/2025

49 11 Full Breakdown

Summary

Story summary

On December 16, 2025, GasBuddy projected national average gas price for Christmas Day at $2.79 per gallon, the lowest since 2020.
The drop stems from rising supply and lower winter demand, and Americans will save over $500 million versus last year.
U.S. President Donald Trump signed his 221st executive order, surpassing his previous term's total.
He halted negotiations with Britain on a tech deal due to frustrations over trade barriers.

History

Historical Context

The COVID-19 pandemic in 2020 caused a dramatic 30% drop in U.S. gasoline consumption during lockdowns, leading to a significant decline in gas prices. By early 2023, gas prices fell to $2.79 per gallon, influenced by increased supply and reduced winter demand. This fluctuation reflects ongoing volatility in energy markets, shaped by seasonal factors and broader economic conditions.

1 of 2

Story summary

On December 16, 2025, GasBuddy projected national average gas price for Christmas Day at $2.79 per gallon, the lowest since 2020.
The drop stems from rising supply and lower winter demand, and Americans will save over $500 million versus last year.
U.S. President Donald Trump signed his 221st executive order, surpassing his previous term's total.
He halted negotiations with Britain on a tech deal due to frustrations over trade barriers.

1 / 2