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U.S. Gas Prices Slide to $2.93 Average, Lowest Since 2021

Analysts say the downswing stems from market dynamics rather than White House policy.

Overview

  • AAA pegged Friday’s national average at $2.932 per gallon, with GasBuddy showing $2.922, both below $3 for a sustained stretch this month.
  • Hawaii now leads for highest statewide prices at about $4.45 per gallon, with California still elevated near the low-$4.40s, while Oklahoma sits cheapest near $2.36.
  • Colorado’s statewide average is roughly $2.47–$2.51, and isolated Front Range stations dropped as low as $1.69 during local price wars.
  • Experts attribute the decline to cheaper crude, refineries returning from maintenance with higher output, and typical winter demand softness.
  • President Trump claimed credit for falling prices, but GasBuddy’s Patrick DeHaan pointed to global market forces, and AAA expects lower costs to help drive record holiday travel.