US Gas Prices Steady Amid Global Tensions

Despite an increase in crude oil prices due to geopolitical tensions in the Middle East and rising Chinese demand, U.S. gasoline prices remain relatively stable, with some regions seeing slight declines. In the Northeast, gasoline inventories have risen, contributing to steady prices, with Rhode Island's average price at $2.94 per gallon. In Texas, gas prices fell to $2.51 per gallon, significantly lower than the national average of $3.02. South Georgia also experienced a minor decrease, with prices at $2.88 per gallon. Nationally, gas prices are projected to reach their lowest Christmas Day levels since 2020, with a predicted average of $2.95 per gallon, attributed to economic adjustments and a decrease in demand. Maryland and Western Pennsylvania also report lower prices, reflecting a broader trend of declining fuel costs across many states.