Gas Price Crash: Pump Prices Near $3 for First Time in Years – How Low Can They Go?
U.S. gas prices have dropped to a four-year low, averaging $3.05 per gallon, with GasBuddy briefly recording a $2.99 national average this week. The decline follows a sharp fall in crude oil prices, with U.S. oil trading near $57 per barrel amid record production and a global supply glut. At least 32 states now average under $3 per gallon. Demand has eased after summer, while forecasts suggest prices may stay low into 2025.
