National Gas Price Average Breaks $3 Barrier

December 23, 2010

Well, it’s official. Just in time for Christmas, the U.S. average price of gas is above $3 for the first time since late 2008. It’s the highest national average ever for the holiday season. Ho-ho-ho.
 

The barrier fell overnight as the average price for a gallon of regular crept from $2.997 to $3.013 — more than a week after the Maryland average price broke the $3 mark. The Maryland average stands at $3.02 today.

 

If there’s a consolation, it’s that the rate of increase has moderated from the first half of the month, when prices were increasing more than a penny a day in many markets.

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… Ho-ho-ho, indeed! …

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