Tuesday, December 2, 2025

Deflation: National Gasoline Prices Fall Below $3.00, Lowest In Four Years

First up, the American Automobile Association:

Today’s AAA National Average

$2.998

Price as of
12/2/25

....MUCH MORE (interactive map, commentary, EV charging) 

And from Yahoo Finance via AOL, December 2:

Gasoline prices fall to $3 per gallon to hit lowest level since 2021 

Gasoline prices fell to an average of $3 per gallon this week to hit their lowest level since 2021.

As of Monday, at least 30 states saw an average of less than $3 at the pump, according to AAA data, as lower crude prices and less expensive winter blends give relief to drivers heading into the December holiday season.

“With refinery maintenance largely complete and OPEC increasing oil production for December, oil prices have struggled," GasBuddy's Patrick De Haan said on Monday.

"Combine those factors, and you have a solid recipe for continued downward pressure on gas prices in the weeks ahead."

De Haan noted a handful of stations in the Midwest have even seen prices slip below $2 per gallon, with that number expected to grow as the Christmas holiday season approaches.

The Organization of Petroleum Exporting Countries and its allies (OPEC+) have increased output this year, sending Brent (BZ=F) and West Texas Intermediate (CL=F) futures down 14% and 16% year to date, respectively....

....MUCH MORE