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U.S. Gasoline Average Falls Below $3 for First Time Since 2021

GasBuddy expects the sub-$3 stretch to persist for weeks.

Overview

  • GasBuddy says the national average slipped to about $2.96 per gallon, the lowest since May 2021 after a broad run of declines.
  • All 50 states saw prices fall over the last week, a rare coast-to-coast retreat at the pump.
  • Provider readings differ, with GasBuddy at $2.961 per gallon and AAA showing $3.022 on Friday morning.
  • Analysts cite cheaper crude, stronger refinery output, added OPEC+ supply and seasonally weaker demand as key drivers.
  • Regional trends diverge: EIA reports the Gulf Coast up to $2.64, San Diego’s average fell for an 18th day to $4.745, and some stations in Oklahoma, Colorado and Texas posted prices near or below $1.99.