Gas prices in the United States have fallen below $3 per gallon for the first time since 2020. This notable decline is attributed to a combination of factors, including increased oil production by OPEC+ and the broader economic conditions under the current administration. According to reports, the national average price now stands at $2.98, marking a significant change from recent years when prices were consistently above this threshold.
Factors Behind the Price Drop
As of now, 35 states are enjoying average gas prices below $2.99 per gallon. Notably, some stations are even reporting prices as low as $1.99 in Evans, Colorado, with similar prices emerging in parts of Oklahoma and Texas. The rise in oil production by OPEC+ has been a crucial factor, as the organization increased output throughout 2025 to stabilize the market.
Patrick De Haan, head of petroleum analysis at GasBuddy, noted, “Gas prices have finally fallen below $3 per gallon nationally — the earliest date we’ve seen a $2.99 national average since 2020.” He added that barring any major disruptions, prices are expected to remain stable and could stay under the $3 mark for several months.
Political Context and Consumer Impact
The current climate has drawn attention to the contrasting energy policies of previous administrations. The website associated with former President Donald Trump highlighted the energy strategies during his term, stating that energy independence was a key driver for economic growth. The site referenced data showing that average gas prices exceeded $3 per gallon for nearly the entire duration of President Joe Biden’s administration.
As of March 2023, many Americans were feeling the economic pinch, with reports indicating that over one-third were cutting back on groceries to afford fuel. The price drop has been welcomed by consumers, who have faced financial strain from higher costs in recent years.
Trump’s supporters argue that his policies on energy production could have mitigated the recent economic challenges. They assert that his administration’s commitment to boosting domestic energy production plays a critical role in lowering consumer costs at the pump.
The recent decline in gas prices reflects broader economic trends and consumer sentiment, marking a potential turning point in fuel affordability for many Americans. As the situation evolves, it remains to be seen how these changes will affect both the market and consumer behavior in the months ahead.
