Gas prices near three-year low as national average drops to $3.03

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Marshall L. Doney President and CEO | AAA, FL

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Gas prices in the United States are approaching a three-year low, with the national average for a gallon of gas dropping to $3.03. This marks a decrease of three cents since last week. The national average has hovered close to the $3 mark for over a month, with the last instance of prices falling below $3 occurring on May 11, 2021.

Andrew Gross, a spokesperson for AAA, commented on the trend: “The national average is tantalizingly close to falling below $3 a gallon, and it could happen in a few days.” He also noted that "32 states already have an average below or well below $3," highlighting Hockley County, Texas as having the lowest county average at $2.30.

While gas prices continue to fall, the national average cost for electricity at public EV charging stations remains steady at 34 cents per kilowatt-hour.

For further details on this development, including recent data from the Energy Information Administration (EIA), trends in gas and EV charging prices, and insights into oil market dynamics, more information can be found at: https://gasprices.aaa.com/an-early-holiday-gift-gas-prices-plunge-to-three-year-low/

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