Summary
Gas prices in the U.S. have fallen to their lowest levels since May 2021, with an average price below $3 per gallon. This decrease is partly due to lower global oil prices and reduced demand following the summer travel season. Despite lower gas prices, many Americans remain concerned about the overall economy and inflation.
Key Facts
- Nationwide average gas prices are now below $3 per gallon, the lowest since May 2021.
- The highest gas prices are in California, averaging $4.567 per gallon, while the lowest are in Oklahoma at $2.454 per gallon.
- Prices have dropped because of lower global oil prices and seasonal increases in fuel production.
- Twenty-eight states report average gas prices below $3 per gallon.
- A YouGov poll found that many Americans consider the economy the most important issue for President Trump, but a significant number believe he is not addressing it adequately.
- Analysts predict that gas prices may continue to fall as refineries complete maintenance and demand decreases.
- President Trump's administration claims to focus on economic policies to reduce inflation and boost wages during his second term.
