National Average Dips Below $3 a Gallon for First Time in 4 Years

Washington, D.C.–The national average for a gallon of regular gasoline hit a milestone this week when it dipped below $3 a gallon for the first time in 4 years. Since Tuesday, the national average has remained at $2.99. The last time the national average reached an even $3.00 or below was in May of 2021. Crude oil prices remain on the lower side around $60 a barrel. Sluggish gas demand and cheaper-to-produce winter blend gasoline are also contributing to the drop at the pump. 

The national average per kilowatt hour of electricity at a public EV charging station stayed the same this past week at 38 cents. 

For the complete fuel report, including the latest EIA data, state gas and EV charging price trends, and oil market dynamics, please visit AAA Fuel Site.