Christmas Gas Prices Expected to Drop
President Donald Trump’s energy strategies are anticipated to lead to the lowest national average gasoline prices on Christmas Day since 2020, marking the final day of his presidency.
According to a GasBuddy projection, the national average price for gasoline is expected to be around $2.79 per gallon this Christmas, a decrease from last year’s $2.95 per gallon under former President Joe Biden, who utilized the U.S. Strategic Petroleum Reserve as prices surged during his administration.
“Thanks to President Trump, we are looking at a five-year low in gas prices, and estimates suggest that prices on Christmas Day will be at their lowest since 2020,” stated White House Press Secretary Taylor Rogers. “Ensuring lower energy costs for American households and businesses will remain a key focus for President Trump in the upcoming year.”
GasBuddy indicates that Americans may save over $500 million on gasoline during the Christmas week compared to the previous year.
Gas prices significantly increased in the United States during Biden’s term. On December 25, 2020, under Trump, the average national price was $2.26. By December 25, 2021, just ten months into Biden’s presidency, the cost rose by a dollar to $3.26 per gallon.
During Biden’s administration, the average prices on Christmas Day stayed above $3.00, recorded at $3.05 in 2022 and $3.10 in 2023.
Biden faced the highest gas prices in U.S. history amidst severe inflation, paralleling levels not seen since the Carter era. On June 14, 2022, the national average for a gallon of regular unleaded was noted at $5.016 per AAA.
Patrick de Haan, GasBuddy’s head of oil analysis, noted that a combination of improved supply and completed refinery maintenance is projected to contribute to the lower average prices this Christmas Day.
“With maintenance finished, supply on the rise, and lower winter demand compared to summer, these factors are helping to suppress prices. Unless something unexpected occurs, holiday travelers can expect slightly reduced prices at the pump compared to last Christmas,” he stated.
“As we gear up to release our 2026 fuel outlook in January, we’re also observing early positive trends suggesting that price declines might persist into next year,” he added.
