GasBuddy data shows the broadest consumer relief in years, with prices continuing to trend downward across most of the country.
Gasoline prices in the United States have dropped to multi-year lows, with 37 states now below $3 per gallon, according to new White House figures based on data from GasBuddy.
An additional 22 states have fallen below $2.75, and five states are currently averaging under $2.50 per gallon — a price point not seen at scale in several years. Officials say the trend is still moving downward, providing the widest consumer relief in a long period of economic volatility.
The Biden administration says the declines reflect improved refinery output, seasonal cooling in demand, and stabilizing global supply conditions — though analysts note that regional variations continue to depend heavily on distribution networks and state taxes.
WHAT’S DRIVING THE DECLINE?
Analysts cite several factors:
- Higher refinery production heading into winter
- Lower seasonal demand, typically seen after Thanksgiving
- Steadier global crude prices
- Improved supply chain flows in distribution hubs
GasBuddy’s models suggest that the downward pressure could continue into mid-December, barring sudden movements in crude markets or geopolitical disruptions.
CONSUMER RELIEF AT SCALE
This marks the largest nationwide drop in pump prices in years.
Drivers across the Midwest, South, and Mountain West are experiencing the steepest declines, with some cities posting averages below $2.40.
The West Coast — typically the nation’s most expensive region for fuel — has also seen significant improvements but remains above the national average.
