GasBuddy data published on Friday revealed that the national average price per gallon of gasoline dipped below $3, which is the lowest average since May 2021.
GasBuddy released a news statement on Friday reporting the low numbers, which dropped in “all 50 states over the last seven days, an exceptionally rare and broad-based retreat.”
“We haven’t seen the national average fall this low in over four years, and the speed and breadth of the decline are remarkable,” said GasBuddy Head of Petroleum Analysis Patrick De Haan in the release. “Every single state has seen relief at the pump over the past week, a rare feat that underscores how challenging the fundamentals are for gasoline prices right now. This is a welcome break for Americans ahead of the holiday season.”
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