As of December 1, 2025, the US average price of regular gasoline dropped below $3.00 per gallon to $2.98, the lowest inflation-adjusted level since February 2021, according to the US Energy Information Administration. Falling crude oil prices, which make up about half of retail gasoline costs, contributed to the decline. Prices vary regionally, ranging from $2.55/gal on the Gulf Coast to $4.03/gal on the West Coast. The EIA writes:
-
On December 1, 2025, the U.S. average retail price of regular gasoline fell below $3.00 per gallon (gal) to $2.98/gal, according to data from our Gasoline and Diesel Fuel Update. When adjusted for inflation, the December 1 price is the lowest average U.S. gasoline price since February 2021.
-
The falling price of crude oil, which typically accounts for about half of the retail gasoline price, has led to a drop in the price consumers pay for gasoline.
-
Gasoline prices vary by region. On December 1, regular gasoline prices ranged between a low price of $2.55/gal on the U.S. Gulf Coast and a high price of $4.03/gal on the U.S. West Coast.
Read more here.
