Ticker: US drivers are seeing lower gas prices this holiday season
This holiday season, many U.S. drivers are getting the gift of lower gas prices.
According to data from motor club AAA, December has been the cheapest month for prices at the pump this year. The national average for unleaded gasoline has stayed below the $3 mark since Dec. 2, falling to its lowest level of about $2.85 a gallon on Monday.
That figure has inched up slightly since, sitting at closer to $2.86 a gallon Tuesday — but overall, consumers hitting the road ahead of the Christmas holiday will likely continue to see mild prices.
As always, some states have cheaper averages than others, due to factors ranging from nearby refinery supply to local fuel requirements. Hawaii had the highest average of about $4.44 a gallon on Tuesday, per AAA — followed by $4.30 in California and $3.92 in Washington. Meanwhile, Oklahoma had the lowest average at about $2.30 per gallon, followed by nearly $2.42 in both Arkansas and Iowa.
S&P 500 closes at another record
Wall Street closed at another record following a surprisingly strong report on economic growth over the summer. The S&P 500 rose 0.5% Tuesday, beating the all-time high it reached earlier this month.
More gains for big tech stocks drove the index higher, even as most stocks in the index fell. The Dow Jones Industrial Average added 0.2%, and the Nasdaq composite rose 0.6%. Novo Nordisk jumped after U.S. regulators approved a pill version of the blockbuster weight-loss drug Wegovy, the first daily oral medication to treat obesity. Treasury yields rose in the bond market.
