"Just like every year, it depends on where you are to see if your stocking is stuffed or the Grinch is alive," GasBuddy senior petroleum analyst Patrick DeHaan told ABC News today.
Back in 2008, the average price for a gallon of regular was around $1.63, according to the U.S. Energy Department.
Energy Department's Energy Information Administration Weekly Prices for Regular:
Dec. 22, 2008: $1.635
Dec. 21, 2009: $2.546
Dec. 20, 2010: $2.934
Dec. 19, 2011: $3.183
Dec. 24, 2012: $3.205
Dec. 23, 2013: $3.198
Dec. 22, 2014: $2.341
DeHaan said the cause of the lower gas prices these days is "good old-fashioned supply and demand."
"The fact that it’s been a very warm winter is leading to much less heavy fuel demand and leading to high inventory," he said.
In addition, oil inventories are about 30 percent higher than they were about a year ago.
"We’re awash not only in crude oil but diesel and heating oil, compared to last year, “DeHaan said.
He said he expects prices to continue declining in January and early-February.
"But like all good things, the party is probably is going to end sometime in mid- to late-February when prices tend to go higher,” DeHaan said, “after the sweetness of Valentine’s day chocolates is gone.”