Drivers in the United States woke up today to good news they have not heard since May 2021: the average gallon of regular gasoline has fallen below $3 a gallon in the country, according to AAA’s tracker. The last time the key figure was below $3 was on 11 May 2021, over four and a half years ago, when it stood at $2.985.
Today, 2 December 2025, the ticker went below $3 again, and is at $2.998.
Back in September, the second Trump administration’s various social media accounts posted in celebration of the national average dropping below $3 a gallon. However, those were based on numbers provided by the gas price tracking site GasBuddy, not the American Automobile Association (AAA), which is typically regarded as a more reliable source.
The average gallon of gasoline on this date last year cost $3.047, still according to AAA. Fuel prices stayed consistently lower than on the same date in the previous year in the second Trump administration (even when the strike on Iranian nuclear facilities prompted a temporary major hike in crude oil prices in the commodities markets). However, that ceased to be the case in mid-November, when 2025 prices briefly exceeded those from the same day in 2024. But despite heightened demand over Thanksgiving week, gas prices resumed their downward slide, ultimately pushing the national average back below both last year’s mark and the psychologically important $3 barrier.
High gas prices were a major issue during the Biden administration, especially in the summer of 2022. In June of that year, the average gallon of gas climbed up to a record $5.016 in the nation. This was in one part due to the sudden embargo on Russian energy products by many countries in retaliation for the invasion of Ukraine; and in other part due to the Biden administration’s overregulation of the oil industry for the sake of combating climate change.
High gas prices provide an upward inflationary pressure, as they raise the cost of transporting goods. Therefore, President Biden’s government abandoned its pursuit of a green transition, and domestic production of crude oil was ‘allowed’ to increase once again, resulting in a gradual drop in fuel prices.
President Trump has made increasing domestic crude oil production a key agenda point of his second administration, signified by his slogan ‘Drill, baby, drill’. As a result, the United States now turns out 13.1 million barrels of oil per day, an increase from the 12.5 million barrels a day in 2024, and the lows of 11.1 million barrels a day in 2021, in the age of the progressive environmentalist policies at the start of President Biden’s term.
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