The average price of gasoline in the United States has fallen to $2.98, hitting its lowest point since the pandemic-era low prices of 2020.

The national average gas price sits $0.152 lower than it did one year ago and $0.193 lower than just one month ago, according to a GasBuddy analysis . This follows the lowest Labor Day gas prices recorded since 2020 and falling gas prices heading into autumn .

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“Gas prices have finally fallen below $3 per gallon nationally — the earliest date we’ve seen a $2.99 national average since 2020, when COVID was the primary driver of low prices,”

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