Gas prices across the United States are projected to fall below $3 per gallon this winter for the first time since 2020, according to an outlook from the energy analytics firm GasBuddy. The company’s forecast attributes the expected drop in prices to a combination of declining crude oil costs, a slowdown in demand, and ample fuel supplies in major distribution hubs.
GasBuddy analysts say the national average price for regular gasoline could dip below the $3 mark in the coming weeks, with some states already reporting averages under that threshold. The forecast comes as oil prices have weakened, and refiners are producing enough gasoline to keep inventories comfortable, reducing upward pressure on pump prices.
While the national trend is toward lower prices, regional differences remain. Motorists in the Midwest and Gulf Coast states are more likely to see the cheapest gas, while prices along the West Coast could remain higher due to supply constraints and transportation costs. Seasonal factors are also playing a role, as winter gasoline blends are generally less expensive to produce than summer formulas.
GasBuddy’s outlook notes that although lower prices are welcome news for drivers, the relief may not be evenly distributed everywhere. Some local markets could experience slower declines if supply issues arise or demand picks up during travel periods.
Analysts also point to broader economic factors that influence fuel costs, including the strength of the U.S. dollar and global crude oil production decisions by major exporters. If crude prices stabilize or fall further, it could reinforce the trend of declining gasoline costs in the coming months.
Drivers are encouraged to keep an eye on local gas price tracking tools, as state and city averages can vary significantly from the national figure. Despite fluctuations, the projection of sub-$3 gas marks a notable milestone, echoing price levels not seen since the early years of the COVID-19 pandemic.
Source:
“Outlook predicts average national gas price fall below $3/gallon for first time since 2020” — https://www.azfamily.com/2026/01/06/outlook-predicts-average-national-gas-price-fall-below-3gallon-first-time-since-2020/
