National Gasoline Price Average Crashes to Sub-$3.00/Gallon

quote:

---

The nation’s average price of gasoline has fallen 4.1 cents over the last week and stands at $2.98 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 19.3 cents from a month ago and is 15.2 cents per gallon lower than a year ago. The national average price of diesel has decreased 3.7 cents in the last week and stands at $3.591 per gallon.

“Gas prices have finally fallen below $3 per gallon nationally — the earliest date we’ve seen a $2.99 national average since 2020, when COVID was the primary driver of low prices,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “OPEC+ deserves much of the credit for this trend, having steadily raised oil production for much of 2025. Currently, 35 states have average gas prices below $2.99/gal, and GasBuddy even recorded the first $1.99 cash price at a station in Evans, Colorado, with stations in Oklahoma and Texas not far behind.

---

quote:

---

OPEC+ members have continued to raise production, and while much of the excess is currently being absorbed by China, filling their strategic reserve, their economy grew at a snail’s pace in the last quarter, leading many to wonder how much more oil China will buy to fill reserves given their slowdown. In early Monday trade, WTI crude was down 51 cents to $57.03 per barrel, within arm’s reach of hitting new multi-year lows, and down from $59.49 a week ago. Brent crude was down 57 cents to $60.72 per barrel, down from last Monday’s $63.32 per barrel start.

---

quote:

---

The states with the lowest average prices: Oklahoma ($2.45), Texas ($2.54), and Arkansas ($2.55).

The states with the highest average prices: California ($4.60), Hawaii ($4.45), and Washington ($4.36).

Biggest weekly changes: Ohio (+20.4¢), Illinois (-12.1¢), Michigan (-10.1¢), Oregon (-10.0¢), North Carolina (-9.5¢).

---

quote:

---

The states with the lowest average diesel prices: Texas ($3.06), Oklahoma ($3.11), and Mississippi ($3.19).

The states with the highest average diesel prices: Hawaii ($5.13), California ($5.08), and Washington ($4.98).

Biggest weekly changes: Florida (-14.9¢), New Mexico (-6.5¢), Louisiana (-6.3¢), North Carolina (-6.3¢), Alabama (-5.5¢).

---