GasBuddy forecasts that the national average gas price on Christmas Day will be $2.79 per gallon, a decrease from $2.95 per gallon in the previous year under President Joe Biden. This decline is noted as the lowest average since 2020, during Donald Trump's presidency. White House spokeswoman Taylor Rogers highlighted this reduction as a positive outcome of Trump's energy policies, emphasizing the importance of lowering energy costs for American families and businesses.

The report indicates that Americans are projected to save over half a billion dollars on gas during the Christmas week compared to the previous year. Historical data shows that gas prices increased significantly under Biden, with the average price rising to $3.26 per gallon in 2021, just ten months into his administration. Prices remained above $3.00 per gallon on Christmas Day in both 2022 and 2023, recorded at $3.05 and $3.10, respectively.

Biden's administration also faced challenges with gas prices reaching a peak of $5.016 per gallon in June 2022, amid inflation levels not seen since the Carter administration. Patrick de Haan, head of petroleum analysis at GasBuddy, attributed the anticipated lower prices to increased supply and the completion of refinery maintenance, alongside reduced winter demand compared to summer. He noted that if no unexpected events occur, holiday travelers should experience lower prices at the pump than the previous Christmas. Early trends suggest that this decrease in prices may continue into the following year.