Amidst the hustle and bustle of the holiday season, Americans are receiving the gift of affordable pump prices. As of December 14, the national average for gas is $3.10 per gallon, marking its lowest point in 2023. With fuel costs falling slowly each day, this average will likely slide below $3 per gallon by the end of the year. According to AAA, the main reasons are tepid demand and the low cost of oil, which is hovering around $70 per barrel.
Here in Michigan, the price of gas per gallon has dropped to $3.02, which is 17 cents cheaper than last week and 33 cents lower than last month. In the Grand Rapids–Muskegon–Holland area, drivers are paying $2.98 per gallon, which is a 22-cent reduction from last week and a 32-cent markdown from last month.
To find out more about gas prices nationally and locally, go here.