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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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US gas prices drop below $3 a gallon for first time since May 2021

Gas prices dropped below an average of $3 a gallon in the United States on Tuesday for the first time in four-and-a-half years.

·Atlanta, United States
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Journal Sentinel broke the news in Milwaukee, United States on Tuesday, November 25, 2025.
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