Low Oil Prices Means Low Gas Prices for Holiday Drivers

Posted December 23, 2015 at 6:06am

Fuel Fix reports that “low oil prices that have beaten down Houston’s signature industry are a gift for holiday motorists, who could save as much as $1.6 billion at the pump compared to last year, according to an analysis by gasoline price tracking group GasBuddy.”  

“U.S. gasoline prices averaged $2.01 per gallon of regular Tuesday, according to GasBuddy figures. And fuel prices are below $2 in about 70 percent of the gas stations across the country — the lowest they’ve been since the depths of the financial crisis almost seven years ago.”  

“Those prices will benefit drivers during a seasonal travel spike Dec. 23 to Jan. 3. According to a GasBuddy survey, 88 percent of holiday travelers will be making trips by car and 66 percent of those will be driving at least 200 miles.”