The U.S. national average gasoline price is set to fall below $3 per gallon due to lower oil prices and decreasing seasonal demand.
The U.S. national average price of gasoline is set to soon fall below $3 per gallon for the first time since 2021, amid lower seasonal demand and a decline in international oil prices , according to fuel platform GasBuddy. Over the last week, the U.S. national average price fell for the second consecutive week and was at $3.07 per gallon early on Monday, according to GasBuddy data compiled from more than 12 million individual price reports covering over 150,000 gas stations across the country.
A drop below $3 per gallon for the national average would be the first since 2021, he added. WTI Crude prices were plummeting by 6% early on Monday after Israel’s measured response to Iran’s missile attack early this month. The limited Israeli strike on targets in Iran over the weekend sent prices plunging on Monday as concerns about an oil supply disruption from the region began to abate. If the tentative signs of de-escalation hold, the U.S.
Oil Prices U.S. Demand Supply Middle East Iran Israel Winter Fuel
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