Gas prices recede and could continue dropping in 2025, forecast finds
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Motorists can expect modestly lower U.S. gas prices in 2025 as inflation eases and amid booming domestic oil production.
After accelerating for much of the first half of the year, prices at the pump dipped in the second half of 2024, AAA data shows. Nationwide, a gallon of regular gas now averages $2.98 a gallon, down nearly 12 cents from a year ago, according to tracking service GasBuddy.
The median U.S. price is $2.89, although fuel costs can vary widely depending on the region and state. Drivers in Hawaii, as usual, face the steepest prices at $4.47 per gallon, followed by California ($4.27) and Washington ($3.81), GasBuddy said in a new report. The cheapest gas is to be found in Oklahoma ($2.51), Mississippi ($2.55) and Texas ($2.59).
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