Gas Prices Hit Four-Year Low in the U.S.

Gasoline prices in the United States have dropped to their lowest in four years, bringing relief to many drivers.

According to a report released by GasBuddy, the national average for a gallon of gasoline has dipped below $3, marking the lowest level since May 2021.

In a press statement, GasBuddy noted that “unusual and widespread withdrawals” were evident in all states over the past week, which contributed to this significant decline.

“We haven’t seen the national average fall this dramatically in over four years. The speed and extent of this drop is quite surprising,” said Patrick de Haan, head of oil analysis at GasBuddy. “Every state has seen a drop in prices at the pump recently, which is rare. This is a much-needed break for Americans as the holidays approach.”

Currently, the average price for gasoline stands at about $2.946 per gallon, according to de Haan’s update on social media.

Interestingly, de Haan has previously countered the belief that gas prices tend to rise during Thanksgiving. He mentioned that although prices usually start climbing in February, they might continue to decrease in the next month.

“With 2026 around the corner, it seems like this year might be another good one for drivers,” he remarked.

Some gas stations in states like Colorado, Oklahoma, and Texas are selling fuel for under $2 a gallon. Conversely, California has the highest average at around $4.50, although some places have prices below $4.

“President Trump’s unwavering commitment to enhancing America’s energy production is yielding results, as drivers are experiencing the lowest gas prices in over four years,” said a White House press release last week. “President Trump recognizes that energy independence is vital for economic growth and lowering costs. After a tumultuous economic period, he’s on track to deliver on campaign promises. Under the Biden administration, gas prices largely remained above $3 throughout his term.”