--- title: Gas Prices Just Dipped Below $3 for the First Time This Year. Will It Last? description: Average gas prices dropped below $3 earlier this week. If oil prices stay low, experts say the cost to fill up the tank should hold steady. authors: - name: Pete Grieve role: Lead News Reporter url: https://money.com/author/pete-grieve/ bio: Pete Grieve is a personal finance reporter. In his time at Money, Pete has covered everything from car buying to credit cards to the housing market. education: University of Chicago, BA Political Science at_money_since: 2022 articles: 597 covers: - Economy and Politics - Banking - Business - Career Advice - Credit - Credit Cards - Debt - Education - Health and Wellness - Housing - Identity Theft - Insurance - Investing - Lifestyle - Loans - Mortgages - Personal Finance - Professional Services - Retirement - Shopping - Taxes social: - https://twitter.com/pete_grieve - https://linkedin.com/in/pete-grieve-b5aa02138 - https://www.facebook.com/petegrieve4 editors: - name: Kaitlin Mulhere role: Editor url: https://money.com/author/kaitlin-mulhere/ bio: Kaitlin Mulhere is an editor at Money.com. Since joining in 2015, she’s written and edited about a variety of personal finance topics, including banks, credit, student debt, saving strategies and more. education: University of Florida at_money_since: 2015 articles: 217 covers: - Economy and Politics - Banking - Business - Career Advice - Credit - Credit Cards - Debt - Education - Health and Wellness - Housing - Identity Theft - Insurance - Investing - Lifestyle - Loans - Mortgages - Personal Finance - Retirement - Shopping - Taxes social: - https://twitter.com/KMulhere - https://www.linkedin.com/in/kaitlin-mulhere-64503048/ published: '2025-10-22T14:13:32.000Z' modified: '2025-10-22T14:13:32.000Z' section: Economy and Politics tags: - News word_count: 499 canonical: https://money.com/gas-prices-below-3-outlook-2025/ type: NewsArticle source: structured-blocks --- > **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![News-Gas-Prices-Fall-Below-$3-Since-2020](https://img.money.com/2025/10/News-Gas-Prices-Fall-Below-3-Since-2020.jpg?crop=0px%2C113px%2C2880px%2C1620px&quality=85) Gas prices dipped below $3 earlier this week, marking the first time the national average has been under that level this year. The national average fell to $2.99 on Sunday, according to [GasBuddy](https://www.gasbuddy.com/go/2-99-gas-october-2025), a price comparison app. That had not happened since the final days of 2024. Then, on Monday, average gas prices reached the lowest level since 2021 with an intraday mark of $2.97 per gallon. Other sources have yet to show gas prices drop under $3, though alternative estimates have hovered around that mark. According to [AAA](https://gasprices.aaa.com/national-gas-average-creeps-closer-to-3-a-gallon/), the national average was $3.05 per gallon as of Tuesday; according to the [U.S. Energy Information Administration](https://www.eia.gov/petroleum/gasdiesel/), the national average was $3.02 as of Monday. Prices have been trending down this fall as expected. Typically, demand tends to cool after the summer ends, and the [transition](https://www.acg.aaa.com/connect/blogs/4c/auto/what-to-know-about-gasoline-blends-summer-vs-winter) to cheaper winter-blend gas begins in mid September. This fall, oil prices have also been falling, and the country has been fortunate to avoid gas price disruptions so far from a quiet Atlantic hurricane season. Before dropping under $3 over the weekend, average gas prices had hovered between $3 and roughly $3.25 all year. As gas prices fell, the White House quickly seized on the opportunity to celebrate the news of sub-$3 gas, arguing it's proof that the president's "relentless commitment to American energy production pays off." However, Patrick De Haan, head of petroleum analysis at GasBuddy, is pushing back on these claims. "It's a global commodity," he wrote in a post on X Monday. "There hasn't been a major policy that's changed anything to date." De Haan added that "Trump's benefitted primarily from OPEC raising production," referring to the Organization of Petroleum Exporting Countries. ## Where are gas prices headed now through the end of the year? By Tuesday, GasBuddy's data was showing prices back above $3. But experts say a sustained period of sub-$3 gas is possible this fall and winter — if oil prices stay low. Oil was trading at $57 per barrel on Tuesday, according to the West Texas Intermediate measure, a benchmark widely used by analysts. That's about $13 lower than a year ago. The difference matters for drivers because crude oil is the main component responsible for the retail price of gasoline. (The unpredictable nature of oil markets is just one of the reasons that predicting gas prices is always difficult.) "Barring any major disruptions, gas prices are likely to remain slightly below year-ago levels and could stay under $3 for much of the next few months," De Haan wrote in GasBuddy's blog post Monday. Earlier in the month, AAA experts shared a similar analysis of the rosy fuel price outlook. Citing solid gasoline inventories as well as the annual fuel blend change, the auto club [reports](https://gasprices.aaa.com/gas-prices-continue-to-fall-2/) that "consumers are likely to see even lower prices at the pump in the coming weeks." ```json { "@context": "https://schema.org", "@graph": [ { "@type": "BreadcrumbList", "@id": "https://money.com/gas-prices-below-3-outlook-2025/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://money.com" }, { "@type": "ListItem", "position": 2, "name": "Economy and Politics", "item": "https://money.com/economy-and-politics/" }, { "@type": "ListItem", "position": 3, "name": "Gas Prices", "item": "https://money.com/gas-prices/" }, { "@type": "ListItem", "position": 4, "name": "Gas Prices Just Dipped Below $3 for the First Time This Year. 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