Lower oil prices and light trading volumes in petroleum markets over the holidays contributed to cheaper gas prices. Over the holiday-shortened trading week, oil prices ended last week nearly 3% lower as markets monitored recent geopolitical activity impacting oil markets.
The muted market activity last week occurred alongside a lack of data guidance. The Energy Information Administration (EIA) did not release its weekly supply and demand report due to the holiday closure of government agencies on Dec. 24 and 25. The report, which typically is released on Wednesday mornings, was delayed until Monday, Dec. 29.
“As the end of the year approaches, the price of gasoline across the Northeast is at or near yearly lows,” said Jillian Young, director of public relations for AAA Northeast. “Prices typically reach annual lows in the depths of winter, and time will tell when the bottom is reached.”
AAA’s Dec. 29 survey of fuel prices found the national average down 3 cents from last week ($2.85), averaging $2.82 per gallon. The Dec. 29 national average price was 19 cents lower than a month ago ($3.01) and 20 cents lower than this day last year ($3.02).
| Region | Current Price* | One Week Ago | One Month Ago | One Year Ago |
| Connecticut | $3.04 | $3.06 | $3.13 | $3.12 |
| New Jersey | $2.84 | $2.87 | $3.01 | $2.92 |
| New York | $3.04 | $3.06 | $3.13 | $3.12 |
| Massachusetts | $2.96 | $2.97 | $3.03 | $3.02 |
| Rhode Island | $2.88 | $2.90 | $3.01 | $2.95 |
*Prices as of Dec. 29, 2025
As of Dec. 29, Oklahoma and Iowa had the lowest prices in the nation at $2.23 and $2.34, respectively. Hawaii and California held the highest prices in the nation at $4.41 and $4.28 respectively.
The AAA Gas Prices website is your resource for up-to-date fuel price information. Search for average gas prices on national, state and metro levels by regular, plus, premium and diesel.
Based in Rhode Island, Jillian Young is AAA Northeast’s director of public relations. She regularly appears in local TV, radio and print media to discuss traffic safety, travel, insurance and more.
