Gas Prices Drop Below $3 Nationwide for First Time Since 2021.
The national average for regular gasoline fell to $2.998 per gallon as of December 2, down 6 cents from yesterday and the lowest since May 2021. More than 30 states average under $3, with 18 to 20 below $2.75 in places like Texas, Iowa, and Colorado; crude oil prices around $59 per barrel reflect supply outpacing demand from record U.S. production and OPEC+ boosts. The timing helps with holiday travel, though winter weather and global events could influence future prices.
The national average for regular gasoline fell to $2.998 per gallon as of December 2, down 6 cents from yesterday and the lowest since May 2021. More than 30 states average under $3, with 18 to 20 below $2.75 in places like Texas, Iowa, and Colorado; crude oil prices around $59 per barrel reflect supply outpacing demand from record U.S. production and OPEC+ boosts. The timing helps with holiday travel, though winter weather and global events could influence future prices.