Gas prices going down

Current Trend

As of early July 2025, the national average price of regular gasoline in the U.S. dropped to $3.16 per gallon, six cents lower than the previous week and 35 cents below the price from a year ago.

According to forecasts, this is the lowest level for the Fourth of July weekend since 2021, with projections suggesting prices could even fall below $3.00 later this summer.

Key Factors Behind the Decline

De-escalation of tensions in the Middle East → Following a ceasefire between Israel and Iran, crude oil prices retreated to mid-range levels ($60–66 per barrel).

Increased OPEC+ supply → OPEC+ ramped up production, helping stabilize the global market.

Lower seasonal demand and greater refining capacity → These factors are putting additional downward pressure on retail prices.

Policies implemented by the Trump administration have delivered very positive results.

Impact on Consumers and the Economy

Millions of Americans are collectively saving billions of dollars this summer due to lower fuel prices.

Local economies, road tourism, and travel during the Fourth of July holiday are benefiting significantly.

Outlook for the Remainder of the Year

The downward trend is expected to continue throughout 2025 and deepen in 2026, with estimated average prices around $3.14–$3.20 per gallon.

Risks to watch: potential new geopolitical conflicts, hurricanes that could disrupt production, and shifts in energy policy.

Gasoline prices are at their lowest level since 2021, thanks in large part to the economic policies promoted by the Trump administration—and the best part: this relief at the pump could continue through the rest of the summer and beyond.