National Gasoline Average Falls Week on Week; Nearing Lowest Seasonal Levels since 2021

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The nation’s average price of gasoline has returned to a decline, falling 4.2 cents compared to a week ago and stands at $3.08 per gallon, according to GasBuddy® data compiled from more than 12 million individual price reports covering over 150,000 gas stations across the country. The national average is down 8.6 cents from a month ago and is 50.6 cents per gallon lower than a year ago. The national average price of diesel has decreased 2.7 cents in the last week and stands at $3.473 per gallon.

“Even with oil prices jumping more than $4 per barrel compared to last week, the national average price of gasoline has resumed its decline as refineries wrap up seasonal maintenance and prepare to boost output,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “Forty states have seen average gasoline prices fall over the last week, while just ten have seen increases—most notably on the West Coast, where another refinery fire in Northern California once again disrupted gasoline production. As we approach Memorial Day, gas prices may see some minor fluctuations, but for now, I don’t expect any significant changes to the national average, with prices staying near their lowest seasonal level since 2021.

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On news of a breakthrough between the U.S. and China on trade, oil prices were jumping on hopes that it could signal less of an economic slowdown between the two nations. In overnight trade, a barrel of West Texas Intermediate crude oil was last up nearly 3%, or $1.67 per barrel to $62.69 per barrel, up sharply from last Monday’s $57.47 fetch. Brent crude oil was also trading higher in overnight trade, up $1.67 to $65.58 per barrel, up from $60.51 per barrel last Monday.

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The EIA’s Weekly Petroleum Status Report for the week ending May 2, 2025, showed U.S. oil inventories fell by 2.0 million barrels, about 7% below the seasonal average for this time of year, while the SPR rose 600,000 barrels to 399.1 million.

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The top 10% of stations in the country average $4.67 per gallon, while the bottom 10% average $2.53 per gallon.

The states with the lowest average prices: Mississippi ($2.61), Oklahoma ($2.64), and Louisiana ($2.66).

The states with the highest average prices: California ($4.84), Hawaii ($4.45), and Washington ($4.25).

Biggest weekly changes: Florida (-17.4¢), Ohio (-16.8¢), Michigan (-14.7¢), Indiana (-13.1¢), California (+12.2¢)

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Diesel prices at the top 10% of stations in the country average $4.66 per gallon, while the bottom 10% average $2.88 per gallon.

The states with the lowest average diesel prices: Louisiana ($3.06), Texas ($3.06), and Mississippi ($3.09).

The states with the highest average diesel prices: Hawaii ($5.23), California ($4.92), and Washington ($4.42).

Biggest weekly changes: Florida (-9.2¢), New Mexico (-6.2¢), Oklahoma (-5.7¢), Colorado (+5.6¢), Texas (-5.2¢)

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