Overview
- GasBuddy reports the national average at about $2.98–$2.99 per gallon, with roughly 35 states below $2.99 and an isolated $1.99 cash price recorded in Evans, Colorado.
- Latest EIA data show U.S. crude inventories up 3.5 million barrels and implied gasoline demand down to 8.455 million bpd, reinforcing a softer demand backdrop.
- Prices vary widely by region, with averages near $2.45–$2.55 in Oklahoma and Texas versus about $4.60 in California and above $4.40 in Hawaii and Washington.
- The White House is touting the decline as a Trump administration success, while industry analysts emphasize global supply and demand dynamics as the primary drivers.
- Forecasts suggest sub‑$3 prices could persist for months barring disruptions, though risks include refinery outages such as the recent Whiting, Indiana fire, severe weather, or shifts in trade and OPEC+ decisions.