Gas prices may soon drop below $3.00 a gallon, analysts say

Gas Prices Expected to Drop Below $3.00 a Gallon

Analysts predict that gas prices will soon drop below $3.00 a gallon, a first in four years.

According to AAA and GasBuddy, lower prices at the pump are expected due to a drop in oil prices below $60 a barrel.

The national average has dropped more than 5 cents to $3.057 a gallon, with AAA citing lower gasoline demand and cheaper winter-blend gasoline as driving factors.

Compared to last year, gas prices have decreased, with the average price at this time last year being $3.203 a gallon.

AAA says a lower gasoline demand with the end of the summer travel season and cheaper winter-blend gasoline at the pump are driving lower prices at the pump.

Author's summary: Gas prices may drop below $3 soon.

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FOX 2 Detroit FOX 2 Detroit — 2025-10-18

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