National Gas Prices Fall to Lowest Levels Since 2021
The national average price of gasoline has fallen to $2.95 per gallon—the lowest level since May 2021—according to GasBuddy data from over 150,000 stations nationwide. Prices have dropped 8.5 cents in the last week and are down from both last month and last year, with declines seen in nearly every state heading into Thanksgiving. Experts cite completed refinery maintenance and increased OPEC production as key factors putting downward pressure on oil and fuel prices, with some stations already offering gas below $2 per gallon. As of December 1, regional averages range from $2.55 in the Rocky Mountains to $4.03 on the West Coast, and the cheapest states for gas include Oklahoma ($2.40), Texas ($2.55), and Arkansas ($2.57).
GM Commercial & Government Ordering Update
GM has announced upcoming order cutoffs and extended production downtime that will impact availability of certain Chevrolet Silverado and GMC Sierra configurations.
Auto Market Shows Weak Momentum as Consumer Conditions Slowly Improve
Recent data shows that November new-vehicle sales saw only modest improvement, rising 0.4% from October and remaining well below last year’s levels. Growth was driven largely by stronger fleet activity—particularly rental—while retail momentum stayed soft. Average transaction prices ticked up slightly, incentives increased, and discounting became more common as dealers worked to stimulate demand. At the same time, gas prices fell below $3 for the first time in four years, consumer sentiment improved, and jobless claims dropped to their lowest level since late 2022, all signaling cautious optimism among consumers.