National Gas Prices Sink Below $3/Gallon For First Time Since 2021
Why it matters
The national average gas price has dropped below $3 per gallon for the first time since 2021, with the median U.S. gas price now at $2.83 per gallon, a 6.9 cent decrease from last month and 5.4 cents lower than a year ago.
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Expected market reaction
Market impact analysis based on bullish sentiment with 82% confidence.
Evidence trail
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Technical identifiers
- Provider tag
- groq-llama-3.1-8b-instant
- Analysis version
- groq-llama-3.1-8b-instant
- Article id
- 16931
Original source
The national average price of gasoline dropped below $3 a gallon over the weekend, sinking to their lowest level since 2021. The median U.S. gas price is now $2.83 per gallon, with the national average 6.9 cents cheaper from a month ago and 5.4 cents per gallon lower than a year ago. However, prices vary widely by state, with drivers in Oklahoma paying $2.409 per gallon compared to $4.560 in California. According to GasBuddy, a handful of gas stations are offering gas under $2 per gallon. That said, diesel prices have seen an even steeper…
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Original article published by OilPrice.com on December 1, 2025. Analysis and insights provided by AnalystMarkets AI.