By Pablo Ormachea, VP Data, Motus
Winter Wind-Down: December sees a notable dip in national fuel prices to $3.01, down from November’s $3.36 and even below last year’s $3.18. This easing in fuel prices coincides with a widespread decrease in business mileage, especially pronounced in the frosty travels of the Northeast and Midwest.
Data from Motus shows that national fuel prices lowered to $3.01 in December 2024 compared to $3.36 in November, and lower than December 2023 when the pricing was at $3.18.
Key data points:
Fuel trends
December 2024 national fuel price: $3.01
November 2024 national fuel price: $3.36
October 2024 national fuel price: $3.37
December 2023 price: $3.18
2023 average fuel price: $3.55
Looking regionally, fuel prices in December remain highest in the Western US at $3.63 and lowest in the Southern US at $2.90.
Looking at December business mileage trends by region in the US, business mileage was lower across the country with the West 1.36% lower than November, the South 4.38% lower, Northeast 6.26% lower, and the Midwest 6.44% lower.
December Business Mileage trends
South – 4.38%
Midwest – 6.44%
West – 1.36%
Northeast – 6.26%
