U.S. Gas Prices Hit Three-Year Low, Averaging Just Above $3

National gas prices have steadily declined since summer, offering relief to drivers ahead of the holiday season.

The national average for a gallon of regular gas is $3.02 as of Wednesday, the lowest since May 2021, according to AAA and GasBuddy.
Prices have dropped for eight consecutive weeks, with many states now averaging below $3 per gallon, including Oklahoma at $2.52, the cheapest in the U.S.
Experts predict prices may fall another 10 to 15 cents by Christmas, barring significant disruptions in global oil markets.
The decline follows increased U.S. refining capacity and weaker demand growth, though geopolitical instability in Syria and the Middle East could impact future prices.
Current gas prices remain higher than during Donald Trump's previous term, with his upcoming presidency raising questions about future U.S. energy policy.