Holiday travelers in the U.S. are seeing lower gas prices this December, with the national average below $3 a gallon for most of the month — the lowest since 2021, according to AAA.

Fuel costs are down about 7% from last month and nearly 43% from mid-2022 highs of around $5 per gallon.

AAA expects a record 122 million Americans to travel at least 50 miles between Dec. 20 and Jan. 1, with nearly 110 million traveling by car.

Lower gas prices may help offset rising costs elsewhere, as over 40% of Americans plan to spend less this holiday season, CNBC has reported.

Prices vary regionally, with Hawaii and California averaging over $4 per gallon, while in Oklahoma gas is under $2.30.