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Gas prices drop below $3 per gallon, lowest since 2021
Gas prices fell below $3 per gallon nationally for the first time since 2021 due to easing crude costs, strong refinery output, and softer seasonal demand, GasBuddy reported.
- Friday, GasBuddy reported the national average could stay below $3 next month, with a current average of $2.961 per gallon, the lowest in 1,664 days.
- Market forces such as easing crude benchmarks and rising refinery output boosted gasoline inventories as demand softened seasonally, driven by OPEC+ output and record U.S. oil producers.
- In Virginia, the average gas price is $2.85, with some stations in Oklahoma, Colorado, and Texas selling fuel for $1.99 or less, GasBuddy reports.
- As nearly 82 million Americans travel for Thanksgiving, the price drop offers relief at the pump amid inflation concerns and polls showing skepticism of President Joe Biden’s economic handling.
- Expect the national average to remain low, as De Haan said, `We haven’t seen the national average fall this low in over four years, and the speed and breadth of the decline are remarkable.
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U.S. National Average Gas Price Falls Below $3/gal, Lowest Level Since 2021
Average U.S. gas prices now stand at lowest level in over 1,660 days DALLAS, TX, November 28, 2025 — GasBuddy®, North America’s trusted source for fuel savings for more than 25 years, today reports that the national average price of gasoline has fallen below $3 per gallon for the first time since May 2021— marking a significant milestone for motorists as the country heads deeper into the winter driving season. According to GasBuddy data, average…
Coverage Details
Total News Sources19
Leaning Left0Leaning Right4Center15Last UpdatedBias Distribution79% Center
Bias Distribution
- 79% of the sources are Center
79% Center
C 79%
R 21%
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