UPDATE: Gas prices are plummeting just in time for the holiday season, creating a significant impact on travel plans and budgets for millions of Americans. According to Matt McClain, petroleum analyst with GasBuddy, prices have been driven down due to a combination of factors, and the trend is expected to continue into 2026.
This urgent announcement comes as families prepare for holiday travel, and low gas prices could mean the difference between a road trip or staying home. As of today, December 22, 2025, average gas prices have dropped to their lowest levels in months, providing relief to consumers nationwide.
The decrease in gas prices is attributed to a slowdown in demand and increased supply, which has created a favorable market for drivers. McClain explained during an appearance on ABC News Live that the current average gas price is hovering around $3.15 per gallon, down from highs earlier this year. These savings could result in hundreds of dollars less spent on fuel for families planning to travel this holiday season.
“We’re seeing a perfect storm of factors that are contributing to these lower prices,” McClain stated. “If you’re hitting the road this holiday, now is the time to fill up your tank.”
The implications are clear: with the holidays approaching, families are likely to take advantage of these lower prices for travel and celebrations. In fact, analysts predict that many Americans will choose road trips over air travel, spurred by the financial relief at the pump.
Looking ahead, McClain warns that while prices are currently favorable, fluctuations could still occur as we enter the new year. “It’s important to keep an eye on market trends,” he added, indicating that geopolitical factors and seasonal demand could impact prices in early 2026.
For those planning to hit the road, it is advisable to fill up soon, as many experts believe prices could rise again after the holidays due to increased demand and potential supply constraints.
This developing situation is one that consumers should monitor closely. As gas prices continue to shift, the holiday travel landscape may change significantly, influencing how families choose to navigate their celebrations.
Stay tuned for further updates as we continue to track this evolving story.
