The average price for a gallon of gas is below $3 across America for the first time in four years, giving consumers a sense of normalcy after costs surged in the Biden era.
The White House is touting the news as proof that President Trump has kept his promise to ease the cost-of-living, which became a major campaign issue in 2024. According to analysis from GasBuddy, the average gas price is now $2.98, having fallen 15 cents per gallon in one year.
This is the cheapest that gas has been since the 2020, when demand for gas collapsed during the COVID lockdowns.
"Gas prices have finally fallen below $3 per gallon nationally — the earliest date we’ve seen a $2.99 national average since 2020, when COVID was the primary driver of low prices,” said Patrick De Haan, head of petroleum analysis at GasBuddy.
There's more good news to come, says De Haan: "Barring any major disruptions, gas prices are likely to remain slightly below year-ago levels and could stay under $3 for much of the next few months.”
Of course, prices vary widely based on location. At one station in Colorado, gas is under $2 per gallon. On the other hand, gas is the most expensive in California, where it costs an average of $4.60 per gallon.
Compare that to the state's all-time high of $6.437 for a gallon of regular unleaded in June 2022.
So, who deserves the credit for the current trade of lower prices?
GasBuddy isn't rushing to give Trump any: “OPEC+ deserves much of the credit for this trend, having steadily raised oil production for much of 2025," De Haan said.
Some analysts have linked increased oil production by OPEC+ to pressure from President Trump.
Even the anti-Trump New York Times has acknowledged that OPEC+ appears to be appeasing Trump by keeping oil prices low.
The Trump administration has attributed the drop in prices to Trump's emphasis on "energy dominance," an approach he summarized as "drill baby drill" on the campaign trail last year.
For Trump and his team, cheap gas is a simple and tangible achievement that shows Trump is keeping his promises to voters.
“President Trump understands that energy dominance is a key driver for growing our economy and lowering costs — making good on a promise he repeatedly made on the campaign trail after years of Biden-induced economic disaster. In fact, under Biden, average gas prices remained above $3 per gallon for nearly the entirety of his presidency,” the White House said in a press release.
