Triple A Nebraska reports gas prices throughout the state could drop another five to 15 cents a gallon. Gas prices are already at two-year lows for this time of year.
This is expected to be a very busy travel day, especially with Christmas falling on a Tuesday and many businesses and the federal government giving employees Christmas Eve off as well. Forecasts project more than 102 million Americans will be on the road during the holiday season.
AAA reports the average price for gasoline nationally is $2.35 per gallon; a drop of 13 cents this month and 55 cents since mid-October.
“A holiday road trip will become even more affordable, as AAA forecasts another round of falling gas prices,” Triple A Nebraska’s Rose White said in a written statement. “Wholesale gasoline plummeted to a new 52-week low on Thursday, which will reduce the cost for retailers to buy and sell gasoline. Unless the market turns around, drivers should see gas prices fall another 5-15 cents, during their holiday road trips.”
Triple A says gas prices have dropped as oil production has risen with crude oil prices now at their lowest since the summer of 2017.