Gas prices: Fuel costs continue to fall, hitting lowest June price point since 2021 – Washington Examiner
The article reports a decline in national average gas prices, which fell to $3.185 per gallon,marking the lowest rate for June since 2021. According to AAA,this drop follows several days of gradual decreases and is significantly lower than both the previous week’s average of $3.22 and the $3.491 per gallon average from the same period in 2022, when prices peaked at $5.032 under President Biden.
The article notes that gas prices during June had varied,dipping to as low as $3.124 per gallon before rising due to seasonal trends and geopolitical tensions, then decreasing again towards the end of the month. Consequently, 21 states are now reporting average prices below $3 per gallon, with Mississippi having the lowest average at $2.715. In contrast, California has the highest prices at $4.594 per gallon. The fluctuating prices highlight the meaningful regional differences in fuel costs across the U.S., largely influenced by state-specific factors.
Gas prices: Fuel costs continue to fall, hitting lowest June price point since 2021
The national average price for regular gas decreased on Monday to $3.185 per gallon, according to AAA, the least expensive average cost for regular gas in the month of June in four years.
The latest drop in gas prices comes after several consecutive days of gradual decreases in fuel costs. Monday’s national average pricepoint is less expensive than a week ago, when the average price of regular gas was $3.22 per gallon. It is also significantly less expensive than 2024, when the national average price for regular gas was nearly thirty cents per gallon higher at $3.491 per gallon.
Furthermore, Monday’s pricepoint for gas means that June will finish with the lowest national average price in June for regular gas since 2021, when it was $3.157 per gallon, according to the U.S. Energy Information Administration. It was also a stark contrast to costs under Joe Biden in June 2022, when the national average price for regular gas was $5.032 per gallon, the most expensive in the history of the country.
Additionally, the fuel costs on Monday were also less expensive than the average price for May, when a gallon of gas was $3.278, according to the U.S. Energy Information Administration.
Gas prices in June had quite a fluctuation. During the first third of June, fuel costs dropped to as low as $3.124 per gallon. Then costs quickly increased, largely attributed to the traditional increase in gas prices during the summer and tensions between Israel and Iran in the Middle East, rising to over $3.22 per gallon, before the recent decreases at the pumps during the last week of June.
Many states nationwide experienced a drop in statewide average gas prices to a pricepoint less than $3 per gallon. On Friday, the number of states with average prices under $3 was 17. As of today, that total increased to 21 states, according to AAA.
In the United States, one’s state of residence is the main factor in determining average fuel costs. Different areas of the country vary in average gas prices, sometimes substantially so. The states with the lowest gas prices are located along the Gulf Coast. States with the most expensive gas prices in the country are on the West Coast.
Mississippi leads the states with the lowest gas prices in the country on Monday with an average cost of $2.715 per gallon. Oklahoma is next at $2.733. Texas has the third-lowest average fuel costs in the country with an average of $2.766. This is followed by Tennessee at $2.781 per gallon and Louisiana at $2.793.
California has the highest average gas price in the nation at $4.594 per gallon. This is more than 14 cents higher than Hawaii, the state with the next most expensive gas prices at $4.473. Washington is the state with the third-highest average gas prices at $4.433, followed by Oregon at $4.051 and then Nevada at $3.795.
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