Gas prices: Remain steady and cheaper than a week ago
The article reports that the national average price for regular gasoline in the U.S.as of Tuesday is $3.14 per gallon, which is slightly lower than a week ago ($3.163) and less than a month ago ($3.157). Prices have remained relatively steady in recent weeks, avoiding the typical summer increase after Memorial day.Fuel costs are substantially cheaper compared to a year ago when the price stood at $3.443 per gallon.
This steady pricing is attributed mainly to crude oil prices remaining around $65 per barrel. July ended with an average gas price of $3.15 per gallon-the lowest July average since 2021. Comparisons over recent years show that 2024 gas prices are lower than in 2023 ($3.712) and much lower than the record highs of 2022 ($4.668), while still higher than in 2021 ($3.23).
The number of U.S. states with average gas prices under $3 per gallon has fluctuated in the past month, currently standing at 20 states.Regional differences are notable: Gulf Coast states tend to have the cheapest gas prices, while West Coast states have the highest. Mississippi offers the lowest average price ($2.72),along with Oklahoma,Texas,Louisiana,and Tennessee. California leads as the state with the highest average price at $4.497 per gallon, followed by Hawaii, Washington, Oregon, and Alaska.
Gas prices: Remain steady and cheaper than a week ago
The national average price for regular gas on Tuesday was $3.14 per gallon.
The price represents a decrease in fuel costs compared to a week ago, when it was $3.163. It was a negligible increase from Monday when the cost for a gallon of regular gas was $3.138, according to AAA. Fuel costs are also less expensive today than a month ago, when a gallon of regular gas was $3.157. And, gas prices today are substantially lower than a year ago, when regular gas was $3.443 per gallon.
The lower prices are part of the difference between gas prices during President Donald Trump’s term and gas prices under former President Joe Biden. Fuel costs have been considerably cheaper since Trump took office. Gas prices this summer have also remained steady, avoiding the summer gas price hike that traditionally happens after Memorial Day Weekend in May during summer driving season.
According to several analyses, the main reason for the current steady gas pricing is that crude oil prices have hovered around $65 per barrel, according to AAA. The national average cost for a gallon of gas has remained slightly above $3.13 and below $3.17 over the last month. July ended with an average of $3.15 per gallon, the least expensive July average for gas prices since 2021, according to the U.S. Energy Information Administration.
In July 2024, the average price for a gallon of regular gas was $3.60. In 2023, fuel costs were higher at $3.712 per gallon. In July 2022, gas prices were near record highs, the second-highest in the country’s history, at $4.668. Comparatively, in July 2021, the average cost for gas was $3.23.
Since the surge in average gas prices that happened when Biden was president, most fuel cost analyses have suggested that $3 per gallon is a reasonable cost for evaluating fuel cost affordability in the United States. With the price of gas decreasing in recent months, the number of states averaging less than $3 per gallon has increased. However, that has changed a few times over the last month.
On June 27, 17 states had average prices under $3. By June 30, that total had reached 21 states. In early July, it dropped to 20 states. In mid-July, it increased again to 22 states. On the penultimate day of July, it was back to 23 states, the most states with average gas prices under $3 per gallon since summer began. After a few days of increases, it dropped to 18 states earlier this month. Currently, there are 20 states with average gas prices under $3 per gallon.
In the U.S., different regions have different gas prices, sometimes substantially. The area of the country with the least expensive average gas prices is on or near the Gulf Coast. Conversely, those states with the most expensive average statewide gas prices are located on the West Coast.
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Mississippi has had the cheapest gas prices in the country for most of 2025. Next is Oklahoma, which, while not a state on the Gulf Coast, borders Texas on the coast. Gas prices in Oklahoma are $2.72. Texas is next, at $2.753, followed by Louisiana, at $2.755 per gallon, and Tennessee, at $2.769.
California has the most expensive gas prices in the country, with a statewide average of $4.497 per gallon. Hawaii is next at $4.462, followed by Washington at $4.413. Oregon is the state with the fourth-highest gas prices in the country, at $3.996 per gallon. Finally, Alaska, the largest state in the country, has an average regular gas cost of $3.773 per gallon.
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