Summary
Gas prices in the United States have dropped to their lowest level in nearly five years, with the national average now below $2.90 per gallon. This happens during President Trump's second term, where he promised to lower living costs, including having gas prices drop significantly.
Key Facts
- Average gas price in the U.S. is now $2.897 per gallon, the lowest in 1,680 days.
- The national average price fell below $2.90 for the first time since May 2021.
- Gas prices have decreased from $2.950 last week, $3.079 last month, and $2.995 last year.
- California has the highest gas price at $4.414 per gallon, while Oklahoma has the lowest at $2.298 per gallon.
- Experts attribute the price drop to refinery maintenance completion and increased oil production by OPEC, not directly to Trump's policies.
- President Trump had pledged to bring gas prices down to below $2 per gallon during his campaign.
- President Trump and the White House credit Trump's energy policies for the current lower gas prices.
- GasBuddy's analysis suggests that the market supply adjusting to demand has also contributed to the price drop.
