Gas prices drop below $3 per gallon, lowest since 2021
Gas prices dropped below $3 per gallon nationwide for the first time since 2021, driven by lower crude costs, strong refinery output, and reduced seasonal demand, with 28 states below $3.
- Gas prices have fallen below $3 per gallon, the lowest since May 9, 2021, according to GasBuddy Head of Petroleum Analysis Patrick De Haan.
- All 50 states experienced a decline in average gas prices over the past week, indicating an unusual broad decrease.
- The drop in prices is attributed to easing crude oil costs, increased refinery output, and softer seasonal fuel demand, as reported by GasBuddy.
- Industry analysts predict that the national average could remain below $3 for several weeks, likely extending into mid-February.
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Gas prices: National average falls to under $3 per gallon for first time since 2021
The national average price for regular gas fell to under $3 per gallon on Tuesday, with a cost of $2.998. It is the first time regular gas has averaged under $3 per gallon since 2021, according to AAA. It is a price threshold that the Trump administration has touted for several months, as the national average gas price has hovered near this point since October. With Tuesday’s price of $2.998 per gallon, the national average cost for a gallon of …
National average gas price reaches $3 mark
Envato Elements stock image The following is a news release from AAA Idaho. BOISE – Gas prices are dropping across the country, but in the aftermath of the Thanksgiving travel holiday, Idaho drivers may feel like they’ve been stuck with the leftovers. According to AAA, the national average has reached the $3 mark for a gallon of regular for the first time since May 12, 2021. More than two dozen states are already below that mark, with more likel…
Gas Prices Hit Two-Year Low, Fall Below $3 Per Gallon.
PULSE POINTSWHAT HAPPENED: Gas prices have dropped to their lowest levels in over four years, averaging $2.95 per gallon, according to GasBuddy.WHO WAS INVOLVED: GasBuddy, AAA, and the U.S. Energy Information Administration.WHEN & WHERE: Data as of December 1, 2025, with declines reported nationwide, including in Ohio, Michigan, Oklahoma, and Texas.KEY QUOTE: “This is an exceptionally rare and broad-based retreat,” said GasBuddy, citing lower cr…
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