Gas Prices Drop Nationwide, Average Falls Below $3 Per Gallon

Gas prices across multiple U.S. regions have significantly dropped, with the national average falling below $3 per gallon for the earliest time since 2020, now averaging about $2.98 per gallon. Cities such as Birmingham, Baltimore, Charleston, and Peoria have seen declines ranging from 3.4 to 11.2 cents per gallon over the past week, with prices also down compared to a month and a year ago. The decrease is largely attributed to increased oil production by OPEC+, according to GasBuddy's head of petroleum analysis, Patrick De Haan, who noted that 35 states now have average gas prices below $2.99 per gallon. Diesel prices have also dropped nationally, now at about $3.59 per gallon. Local price ranges vary, with the cheapest gas reported as low as $1.99 in some areas like Evans, Colorado. Experts expect these lower prices to remain stable for the next few months barring major disruptions.