{"id":320193,"date":"2025-10-21T03:39:15","date_gmt":"2025-10-21T03:39:15","guid":{"rendered":"https:\/\/www.europesays.com\/us\/320193\/"},"modified":"2025-10-21T03:39:15","modified_gmt":"2025-10-21T03:39:15","slug":"national-average-gas-prices-fall-below-3-per-gallon-lowest-since-2020","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/320193\/","title":{"rendered":"National average gas prices fall below $3 per gallon, lowest since 2020"},"content":{"rendered":"

The average price of gasoline<\/a> in the United States has fallen to $2.98, hitting its lowest point since the pandemic-era low prices<\/a> of 2020.<\/p>\n

The national average gas price sits $0.152 lower than it did one year ago and $0.193 lower than just one month ago, according to a GasBuddy analysis<\/a>. This follows the lowest Labor Day<\/a> gas prices recorded since 2020 and falling gas prices heading into autumn<\/a>.<\/p>\n

\u201cGas prices have finally fallen below $3 per gallon nationally \u2014 the earliest date we\u2019ve seen a $2.99 national average since 2020, when COVID was the primary driver of low prices,\u201d Patrick De Haan, head of petroleum analysis at GasBuddy, said in a statement. \u201cCurrently, 35 states have average gas prices below $2.99\/gal.\u201d\u00a0<\/p>\n

De Haan said that Americans largely have OPEC<\/a>+ to thank for the decline in prices as they have \u201csteadily raised oil production for much of 2025.\u201d OPEC+ has taken steps<\/a> throughout 2025 to accelerate oil production. Most recently, eight countries agreed in early October to boost production by 137,000 barrels<\/a> a day.<\/p>\n

\u201cBarring any major disruptions, gas prices are likely to remain slightly below year-ago levels and could stay under $3 for much of the next few months,\u201d De Haan said.<\/p>\n

White House press secretary Karoline Leavitt touted the price drop as part of \u201cthe Trump effect\u201d in a post on X<\/a>.<\/p>\n

The U.S. Energy Information Administration last recorded the national gas price average just above $3.00 per gallon, at $3.061<\/a> on Oct. 13. GasBuddy\u2019s analysis is from over 12 million individual price reports recorded at 150,000 gas stations across the country.<\/p>\n

The states with the lowest average gas prices are Oklahoma, at $2.45; Texas, at $2.54; and Arkansas, at $2.55, according to the analysis. The bottom 10% of stations in the country by price sit at an average of $2.37 per gallon.<\/p>\n

California, Hawaii, and Washington are the states with the highest average gas prices per gallon, according to the analysis. California sits at $4.60 per gallon, Hawaii at $4.45, and Washington at $4.36. The top 10% of stations with the highest gas prices sit at an average $4.45 per gallon.<\/p>\n

CONOCOPHILLIPS WARNS OF US CRUDE OIL SUPPLY PLATEAUING BECAUSE OF LOW PRICES<\/a><\/strong><\/p>\n

According to the Energy Information Administration<\/a>, California had a regular gas price average of $4.457 per gallon on Oct. 13, which was $0.029 higher than what it was one year ago. Washington\u2019s regular gas price average on Oct. 13 was $4.357, which was $0.440 higher than what it was one year ago.<\/p>\n

West coast <\/a>gas prices have been soaring in recent weeks as the national average has stayed somewhat steady.<\/p>\n","protected":false},"excerpt":{"rendered":"The average price of gasoline in the United States has fallen to $2.98, hitting its lowest point since…\n","protected":false},"author":3,"featured_media":320194,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[64,79,5495,26769,9967,270,11411,24521,67,132,68],"class_list":{"0":"post-320193","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-energy","11":"tag-gas","12":"tag-gas-prices","13":"tag-oil","14":"tag-oil-prices","15":"tag-opec","16":"tag-united-states","17":"tag-unitedstates","18":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115410079937268730","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/320193","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=320193"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/320193\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/320194"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=320193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=320193"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=320193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}