Gas prices hit 4-year-low under Trump

The outlet reported that as of Monday, at 9 am, the national average intraday gas price stood at $2.969 per gallon, the lowest point since May 2021. Although gasoline dipped below $3 in December last year, the low intraday price was below that dip as well. Gas Buddy forecasted that in the coming weeks gasoline could dip to into the $2.80s as gasoline demand eases.

The recent decline stems from OPEC's decision earlier this year to increase oil production, a marked shift away from its 2023 strategy under former President Joe Biden. The White House said in a press release, "President Trump understands that energy dominance is a key driver for growing our economy and lowering costs — making good on a promise he repeatedly made on the campaign trail after years of Biden-induced economic disaster. In fact, under Biden, average gas prices remained above $3 per gallon for nearly the entirety of his presidency."

Gas Buddy reported that sub-$3 gas prices could be staying around for the next few months as well. Much of the excess oil supply that has been produced by OPEC is being taken up by China as the country fills its strategic reserves.

“We saw a few $2.99 days last year, but this year brings the strongest potential for extended sub-$3 prices since 2021,” head of petroleum analysis at GasBuddy Patrick De Haan said. “This drop is overwhelmingly being driven by the significant increase in oil production from OPEC throughout 2025, which has meaningfully rebalanced the global oil market. That, combined with weaker demand and inflation finally easing, has created the perfect environment for lower prices. While some may be quick to assign political credit, the reality is that global supply dynamics — particularly OPEC’s production decisions — have been the primary force behind the relief drivers are seeing at the pump.”