U.S. Gas Prices Fall to Lowest Levels

Gas prices in the U.S. have experienced a significant decline, with the national average now sitting at $3.03 per gallon, the lowest level since May 2021, and down 16.7 cents from last month. Minnesota's average is notably lower at $2.95, making it one of 28 states with prices under $3. The downward trend is attributed to weakening seasonal demand and falling crude oil prices, with U.S. crude production hitting record highs. In Idaho, prices have also dropped to $3.20, while Maine reports an average of $3.04. Diesel prices have followed suit, averaging $3.52 nationally, down from $4.37 a year ago. Analysts suggest that as production remains robust and demand dips, further decreases in prices could occur, potentially leading to a national average below $3 soon.