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U.S. Gas Prices Hit Four-Year Low as National Average Slips Below $3

Analysts point to global market dynamics rather than White House policy.

Overview

  • GasBuddy and AAA report the national average near $2.90–$2.96, with 36–37 states under $3 and a handful of stations posting sub‑$2 prices.
  • Colorado and Oklahoma rank cheapest at roughly $2.47 and $2.37 per gallon on average, while California and Hawaii hover around $4.41–$4.47.
  • Patrick De Haan of GasBuddy cites cheaper crude near $60 a barrel, completed refinery maintenance, winter gasoline blends, seasonal demand lulls, and added OPEC+ supply.
  • Prices are expected to stay relatively low into the new year absent major disruptions, though some analysts flag medium‑term upside risks if U.S. output weakens.
  • The White House credits the administration’s energy agenda for the decline, a claim industry analysts dispute as they attribute the drop to global supply and demand factors.