The national average price for a gallon of regular gas dropped on Tuesday to $3.063, according to AAA. This is the lowest price for regular gas since June 2021, when the average cost was $3.064 per gallon, according to the Energy Information Administration. Since then, high gas prices at over $3 per gallon (and, for a brief period, over $4 per gallon) have been a financial burden to drivers.
High gas prices have hampered the Biden administration for over three years. After hitting record highs in 2022, the highest in the nation’s history, gas prices began to decrease later in the year. After another spike in 2023, gas prices began declining again in May 2024 and have continued to fall each month.
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