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Gas Prices Hover Near $3 as Forecasts Point to a Nationwide Dip

Oversupply plus softer demand has pushed crude into the high $50s, setting the stage for a sub‑$3 national average.

Overview

  • AAA places the national average around $3.05–$3.07 per gallon, with GasBuddy saying a drop below $3 nationwide is likely in the coming weeks.
  • U.S. crude trades near the high $50s per barrel as EIA data show a 3.5 million‑barrel inventory build and gasoline demand down 3.2% year over year.
  • The IEA reports OPEC+ unwinding voluntary cuts and non‑OPEC output growth are boosting global supply faster than demand through 2026.
  • Electricity bills continue to rise due to grid upgrades and surging data‑center demand, a pocketbook issue already shaping political debates in Virginia.
  • Regional gaps persist, with the Lower Atlantic averaging $2.85 this week while West Coast states such as California, Hawaii, Washington and Oregon remain above $4.