The average price of gasoline in the United States has fallen to $2.98, hitting its lowest point since the pandemic-era low prices of 2020.
The national average gas price sits $0.152 lower than it did one year ago and $0.193 lower than just one month ago, according to a GasBuddy analysis. This follows the lowest Labor Day gas prices recorded since 2020 and falling gas prices heading into autumn.
“Gas prices have finally fallen below $3 per gallon nationally — the earliest date we’ve seen a $2.99 national average since 2020, when COVID was the primary driver of low prices,” Patrick De Haan, head of petroleum analysis at GasBuddy, said in a statement. “Currently, 35 states have average gas prices below $2.99/gal.”
De Haan said that Americans largely have OPEC+ to thank for the decline in prices as they have “steadily raised oil production for much of 2025.” OPEC+ has taken steps throughout 2025 to accelerate oil production. Most recently, eight countries agreed in early October to boost production by 137,000 barrels a day.
“Barring any major disruptions, gas prices are likely to remain slightly below year-ago levels and could stay under $3 for much of the next few months,” De Haan said.
White House press secretary Karoline Leavitt touted the price drop as part of “the Trump effect” in a post on X.
The U.S. Energy Information Administration last recorded the national gas price average just above $3.00 per gallon, at $3.061 on Oct. 13. GasBuddy’s analysis is from over 12 million individual price reports recorded at 150,000 gas stations across the country.
The states with the lowest average gas prices are Oklahoma, at $2.45; Texas, at $2.54; and Arkansas, at $2.55, according to the analysis. The bottom 10% of stations in the country by price sit at an average of $2.37 per gallon.
California, Hawaii, and Washington are the states with the highest average gas prices per gallon, according to the analysis. California sits at $4.60 per gallon, Hawaii at $4.45, and Washington at $4.36. The top 10% of stations with the highest gas prices sit at an average $4.45 per gallon.
CONOCOPHILLIPS WARNS OF US CRUDE OIL SUPPLY PLATEAUING BECAUSE OF LOW PRICES
According to the Energy Information Administration, California had a regular gas price average of $4.457 per gallon on Oct. 13, which was $0.029 higher than what it was one year ago. Washington’s regular gas price average on Oct. 13 was $4.357, which was $0.440 higher than what it was one year ago.
West coast gas prices have been soaring in recent weeks as the national average has stayed somewhat steady.
