BALTIMORE, MD—American motorists are enjoying continued relief at the pump, as the national average price for gasoline has fallen to $2.90 per gallon, reaching a new multi-year low, according to data released on Monday by GasBuddy.The average price has dropped 5.0 cents over the past week and is down 17.6 cents from a month ago. Significantly, the current average is also 7.3 cents per gallon lower than it was one year ago. The average price for diesel has followed a similar trend, declining 5.1 cents in the last week to stand at...
BALTIMORE, MD—American motorists are enjoying continued relief at the pump, as the national average price for gasoline has fallen to $2.90 per gallon, reaching a new multi-year low, according to data released on Monday by GasBuddy.
The average price has dropped 5.0 cents over the past week and is down 17.6 cents from a month ago. Significantly, the current average is also 7.3 cents per gallon lower than it was one year ago. The average price for diesel has followed a similar trend, declining 5.1 cents in the last week to stand at $3.671 per gallon.
Patrick De Haan, head of petroleum analysis at GasBuddy, stated that the decline has put gas prices at “multi-year lows heading into Christmas.” He noted that in the cheapest cities, averages have dipped into the low-$2 range, with a few stations still offering gasoline under $2 per gallon. De Haan predicted that “Barring any major disruptions, prices are likely to stay relatively low into the new year.”
Oil Market and Supply Dynamics
The consistent drop in prices comes despite crude oil remaining in a tight trading range, with West Texas Intermediate (WTI) oscillating between the upper $58s and low $60s per barrel. Geopolitical tensions provided some upward pressure by raising supply concerns, but market sentiment, driven by expectations of future U.S. interest rate cuts and lingering demand uncertainty, moderated any major rally. WTI posted a modest weekly gain, rising to roughly $59.55 per barrel, while Brent traded around $63.22.
Oil and refined product supplies showed mixed but manageable dynamics for the week ending November 28, 2025. U.S. oil inventories saw a small increase of 0.6 million barrels, remaining about 3% below the seasonal average. However, inventories of gasoline rose by a significant 4.5 million barrels, easing supply concerns even as implied gasoline demand dipped slightly.
Price Extremes Across the Country
The most frequently encountered gas price by U.S. motorists this week was $2.79 per gallon, down 20 cents from the previous week. The median price nationwide sits at $2.79 per gallon.
Drivers in the following states are seeing the lowest average prices:
Conversely, the states with the highest average prices are concentrated on the West Coast and in the Pacific:
Nevada saw the biggest weekly price drop, falling 16.3 cents, followed by Colorado, which declined by 14.8 cents.
In and around northeastern Baltimore County, the cheapest gas this week could be found at these locations…
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