Average U.S. Gasoline Price takes another Week over Week Tumble

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The nation’s average price of gasoline has fallen 5.0 cents over the last week and stands at $2.90 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 17.6 cents from a month ago and is 7.3 cents per gallon lower than a year ago. The national average price of diesel has fallen 5.1 cents in the last week and stands at $3.671 per gallon.

“Gas prices continued to decline in most states last week, while some price-cycling states saw temporary spikes to restore margins,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “With the national average falling further, we’re now at multi-year lows heading into Christmas. Diesel prices are also easing, and in the cheapest cities, averages have dipped into the low-$2 range, with a few stations still offering gas under $2 per gallon. Barring any major disruptions, prices are likely to stay relatively low into the new year.”

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Over the last week, oil prices have held within a relatively tight range as competing market forces kept WTI oscillating between the upper-$58s and low-$60s per barrel. Geopolitical tensions, including recent disruptions to oil infrastructure abroad, provided some support by elevating supply concerns, but broader macroeconomic sentiment—shaped by expectations of future U.S. interest-rate cuts and lingering demand uncertainty—tempered any sustained rally. As a result, WTI posted a modest weekly gain, rising from about $58.91 a week ago to roughly $59.55 this morning, though it traded 53 cents lower early Monday. Brent followed a similar pattern, down 53 cents in early trade to $63.22, but still slightly above last Monday’s $62.80.

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The states with the lowest average prices: Oklahoma ($2.30), Colorado ($2.40), and Texas ($2.42).

The states with the highest average prices: California ($4.41), Hawaii ($4.34), and Washington ($4.04).

Biggest weekly changes: Nevada (-16.3¢), Colorado (-14.8¢), Utah (-14.6¢), Michigan (-13.0¢), Washington (-12.2¢)

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The states with the lowest average diesel prices: Texas ($3.10), Louisiana ($3.22), and Oklahoma ($3.23).

The states with the highest average diesel prices: Hawaii ($5.15), California ($5.03), and Washington ($4.84).

Biggest weekly changes: Colorado (-16.8¢), Utah (-12.6¢), North Dakota (-11.8¢), Florida (-10.4¢), Iowa (-10.1¢)

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