U.S. gas prices drop below $3 a gallon for first time in more than four years

For the first time in more than four years, the average price for a gallon of gasoline in the United States dropped below $3 on Tuesday, according to AAA.

The average gallon of regular gas in the U.S. fell to $2.998, marking the lowest price since May 2021. Gas prices plunged in 2020 due to the COVID-19 pandemic, as fewer Americans traveled.

As the U.S. recovered from the pandemic, gas prices climbed to record levels, reaching $5 a gallon in 2022.

Prices are now about 4 cents lower than a month ago and 5 cents lower than a year ago.

The highest average prices are currently on the West Coast. California drivers are paying about $4.54 per gallon, while the lowest prices are in the South. Oklahoma has the cheapest average price at $2.40 per gallon.

GasBuddy also reported that, in the pas