U.S. gas prices fluctuated over the holidays but overall showed a downward trend as the Omicron variant of COVID-19 reduced demand nationwide.
According to an analysis conducted by AAA, the steady decline in oil prices slowed in recent days, with the national average for a gallon of gas falling just two cents week-over-week Monday to $3.28. The company says a fire at an Exxon Mobil Corp refinery in Baytown, Texas caused declining oil prices to even out and noted that if the damage forces the plant offline for long, “the disruption could negatively affect gas prices,” in the near-term.
“We should learn more in the coming days about the extent of the damage to the refinery,” said Andrew Gross, AAA spokesperson, said Monday. “If it can be back up and running in a few weeks, the effect could be minimal. But if repairs take months, consumers could begin seeing higher prices again at the pump.”
AAA also said that today’s national average of $3.28 for a gallon of gasoline is 11 cents less than a month ago and $1.03 more than the same time one year ago. California remains the most expensive state for gas prices at $4.66 a gallon as of Monday, December 27th, 2021, followed by Hawaii at $4.32 and Washington at $3.85.
The Biden Administration recently laid out its new proposed emissions standards for passengers cars and light trucks, which will apply to new vehicles from the 2023 to 2026 model years. The U.S. Environmental Protection Agency predicts the stricter new emissions regulations will save American drivers between $210 and $420 billion between 2023 and 2050 due to lesser fuel costs, reduced impacts of climate change and improved public health from lower pollution. The Biden Admin hopes to eventually reduce domestic demand for oil by driving up EV adoption through government incentives, outlining a plan to ensure 50 percent of all new passenger cars sold by 2030 are battery-electric.
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Comments
Gas prices are falling because of all the new infrastructure we got in the bipartisan infrastructure bill passed last month. Improved rail means more freight goes by train. Improved highways means less time sitting in traffic jams. Nationwide broadband means less time stopped at green lights while the idiot in front of you checks his messages. Simply put, we are saving enough gas to drive down the price.
Thank you Mr. President #4morein24.
Peter you can stop the cheer leading. It will be years before any of this could happen and that is still a big could.
Besides idiots will still check their messages at green lights because that’s what idiots do.
We are not saving a thing. Food prices and commodities are up. Releasing the oil reserve too late amounts to a few cents saved as we are seeing but that is a short term fix.
Peter we will be lucky to survive till 24 with all that has happened this year. Running up more trillions in progressive programs will hamstring this country to be at a deficit to our enemies.
Even our clueless leader is saying Let’s Go Brandon now and said he agreed with it? Is that an informed stable mind?
At least there is one true American Democrat left in Joe. He is doing what his people want and what they voted for him to do. It is about time the President started to listen to the majority vs the progressive left but he has sold his soul to get in office and be the Trojan horse the progressives wanted.
Times are going to get tougher and if DC in general does not get control of it the far left will succeed in destroying our country.
Gas prices are still ~$1.00-1.25 per gallon higher than they were in December of 2020 and all goods across the board are ~25-30% higher during that same time period (beef, poultry, fish, aluminum, steel, petroleum, etc.). It isn’t a tough concept: When Biden decided to shut down >50% of all petroleum pipelines across the US and we now have to purchase foreign oil, prices are going to skyrocket. Again, it’s not tough. It should be common sense.
Everyone is entitled to their own opinion, but I believe that it is best if you simply permit Peter G. to snuggle himself to sleep with his 8″x10″ picture of Saul Alinsky and move on to another topic. You’re not going to change his mind and if he enjoys paying more for almost every consumable product on planet Earth, I believe that he probably requires an in-depth psychiatric evaluation. To each their own.
C8.R
Because of the infrastructure bill we are now saving 10 times as much oil as was being pumped through the unfinished now defunct Keystone XL pipeline.
And you dumbfkingrightwingers had a cow when Biden canceled that.
Turnabout is always fair play.
I’m the only one who can use the word dumbfkingrightwingers so ask next time or make up your word
Dick, Ok then use it.
You’ve been MIA for quite sometime now. I wasn’t sure if you were still around.
BS. Nothing in the bill has even been started and the Impact is minor.
When Keystone was up the price control for oil was in North America not OPEC.
Now we are at a disadvantage that will last for decades. Oil is still going to be used and needed Trains or EV cars or not.
Let’s see how much can be fixed by the mid terms once they vote the idiots out.
C8.R
Keystone was never up. They still had 1500 miles to build, from Lincoln Nebraska to the Tar Sands North of Calgary Alberta. We would have been well into the next decade before the pipeline was ever completed.
This is one of the reasons I think you and your fellow conservatives are mindless minions. Just repeating what you hear on talk radio without giving it a moments thought
So that’s just it then right? Nothing will ever change because both sides will always say there debt is justified because the other did it. The next president will do it because of Biden then the president after that will do it because of whoever it’s crazy how you political cultist are.
It went to things like defense and boarder security not idiotic pork.
Amazing, naive comments by some commenters.
No EV
Well they spend all their time listening to right wing radio. Their going to be very misinformed. Especially on things that portrait the sponsores in a bad light.
Hey Peter, can you quote us your sources to support all of the great things that you said about Joe’s job performance? Please itemize each statement, we the uninformed would love to know where you get your facts.
Gary
It’s all in the bipartisan infrastructure bill passed a few weeks ago. From there you can do your own research, or hire a damn secretary to do your research for you. I’m not your slave!
Peter don’t try to explaining anything to these trolls.
Gas is down for 1 reason, 6 months of stability. What drove the price up was the simultaneous closing of the keystone pipeline, hacking of the Columbia pipeline, and banning of fracking on federal BLM lands.
The market will find a way. Gas will continue to go down as long as Biden doesn’t close pipeline 5 or Iran doesn’t block the straits of Hormuz…. both are Lilkley.
Gas supply is easing as the Saudis and Russians increase production to cover that oil we were exporting, and private land production is increased to meet demand.
thanks alot of information