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U.S. Gas Average Dips Below $3 for First Time Since 2021

Falling crude costs and strong refinery runs are pushing pump prices lower heading into winter.

Overview

  • As of Nov. 29, GasBuddy pegs the national average at about $2.99 per gallon, while AAA shows roughly $3.01 due to different pricing methodologies.
  • Average prices have declined in all 50 states over the past week, and roughly 30 states now average below $3.
  • Large gaps persist by region, with California near $4.54 to $4.57 per gallon and Oklahoma around $2.45.
  • EIA data show the Gulf Coast region averaging about $2.64 per gallon, highlighting areas that remain well below the national mean.
  • Analysts expect the sub‑$3 stretch to continue for several weeks, with typical seasonal increases likely returning around mid‑February.