Gas prices: Remain steady heading into the middle of July – Washington Examiner
Gas prices in teh United States have remained steady heading into mid-july, with the national average for regular gasoline at $3.153 per gallon, according to AAA. This price has changed very little over the past week and month, despite the typical summer surge in fuel demand due to vacations. Compared to last year and previous years, current prices are significantly lower; for instance, July 2023 saw an average of $3.712 per gallon, and in July 2022 prices peaked at $4.668 per gallon.Notably, geopolitical tensions in the Middle East, which often drive gas prices up, have not caused a notable spike this time.
On a regional level, gas prices vary widely across the U.S. The West Coast has the highest prices, with California leading at $4.526 per gallon, while Gulf Coast states have the lowest prices. Mississippi offers the cheapest gas at around $2.70 per gallon, followed by Oklahoma, Alabama, Texas, and Louisiana. many states-22 as of early July-have average gas prices below $3 per gallon, providing some relief to consumers amid summer travel.
Gas prices: Remain steady heading into the middle of July
Gas prices remain steady on Monday, with the national average cost for regular gas at $3.153 per gallon, according to AAA. This was the same price as it was on Sunday.
Moreover, the national average price for regular gas largely remained the same over the last week, with a very slight increase of one cent. A week ago, a gallon of regular gas was $3.143. Additionally, gas is not much higher than the price it was thirty days ago, despite being in the middle of the summer season when many people in the country are on the road for summer vacations. A month ago, the average price for regular gas was $3.133 per gallon.
Gas prices this summer season have been a welcome relief for people in the country. So far, the customary summer increase at the pumps has not occurred. Furthermore, the national average price for a gallon of regular gas is substantially lower than a year ago, when the cost was $3.522. And, with Monday’s price of $3.153, fuel prices in July are at their cheapest average since 2020, when the average price for a gallon of regular gas was $2.272, according to the U.S. Energy Information Administration.
July’s fuel costs have been quite the whirlwind in recent years. In 2024, last July’s average price was $3.60 per gallon. In 2023, the cost was slightly higher, at $3.712 per gallon. Gas prices surged in cost in July 2022, with a price of $4.668 per gallon, the second most expensive monthly average gas price in the country’s history. In July 2021, the average cost for a gallon of regular gas in the U.S. was $3.23.
Perhaps the most surprising detail about the current gas prices’ relatively low cost was the lack of a sharp increase at the pumps, given the geopolitical tension in the Middle East between Iran and Israel. Typically, wars in the Middle East, or even speculation of war, lead to a rise in gas prices in the U.S. However, while gas prices slightly increased, it wasn’t a surge that had happened in the past.
Many states nationwide experienced a drop in statewide average gas prices to less than $3 per gallon. This price point has fluctuated slightly within the last two weeks. On June 27, 17 states had average prices under $3. By Monday, June 30, that total rose to 21 states, according to AAA. Last week, it dropped to 20 states. Today, it has increased to 22 states.
In the United States, different regions have different gas prices, sometimes substantially. The section of the country with the most expensive gas prices is on the West Coast. Conversely, the states with the cheapest gas prices are located along the Gulf Coast.
Mississippi has the least expensive gas prices in the country, with an average of $2.703 per gallon. Oklahoma is next at $2.752. Alabama has the country’s third-lowest gas prices, with an average of $2.772. This is followed by Texas at $2.774 per gallon and Louisiana at $2.781.
Meanwhile, California remains the state with the most expensive average fuel costs in the country, at $4.526 per gallon. This is six cents higher than Hawaii, the state with the next highest gas price, at $4.466. Washington is the state with the third-highest average gas price, at $4.399. Next is Oregon at $4.000, and then Nevada at $3.748.
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