Average Gas Price Dips to $3 Per Gallon

Luke Vandezande
by Luke Vandezande

The average price for a gallon of gasoline in the U.S. is the lowest today that it has been in almost four years.

Gas prices dipped to an average of $3 per gallon today marking their lowest price since December, 2010, according to GasBuddy.com. Average fuel prices in the U.S. have been trending down since July when the average price was roughly $3.68 per gallon.

Pickup trucks and crossovers are enjoying strong demand in the U.S. in the midst of a surging new car market. Meanwhile, demand for hybrids and electric cars are stalling with a 3.6 percent market share through August compared to 3.7 percent last year.

Year-to-date, SUV sales in the U.S. are up by 15.7 percent according to GoodCarBadCar.com, and pickup truck sales are up 18.5 percent.

Luke Vandezande
Luke Vandezande

Luke is an energetic automotive journalist who spends his time covering industry news and crawling the internet for the latest breaking story. When he isn't in the office, Luke can be found obsessively browsing used car listings, drinking scotch at his favorite bar and dreaming of what to drive next, though the list grows a lot faster than his bank account. He's always on <A title="@lukevandezande on Twitter" href="http://twitter.com/lukevandezande">Twitter</A> looking for a good car conversation. Find Luke on <A title="@lukevandezande on Twitter" href="http://twitter.com/lukevandezande">Twitter</A> and <A title="Luke on Google+" href="http://plus.google.com/112531385961538774338?rel=author">Google+</A>.

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 1 comment
  • Johnls39 . Johnls39 . on Oct 31, 2014

    Well, just because gas is going down does not mean it will be less hybrid and electric sales in the future. I'll be careful buying gas guzzlers in the future. People don't need to be back in the same mess like they were in '08 when the economy took a downturn.