National Average Gasoline Price Escalates Week over Week

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The nation’s average price of gasoline has risen 3.1 cents over the last week and stands at $2.76 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 32.3 cents per gallon lower than a year ago. The national average price of diesel fell 1.0 cents in the last week and stands at $3.465 per gallon.

“After seven straight weeks of declines, the national average price of gasoline has moved higher, breaking the streak as oil prices have climbed back near $60 per barrel after dipping into the mid-$50s,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “There’s still a window of opportunity to revisit—or even beat—recent gas price lows, but that window will begin to close soon."

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With tensions in Iran easing and President Trump no longer threatening action there, oil prices have softened slightly after touching $60 per barrel last week. Still, prices remain elevated compared to just a few weeks ago, as persistent geopolitical concerns continue to underpin the market. In early Monday trading, WTI crude fell 27 cents to $59.17 per barrel, modestly above last week’s $58.75 level. Brent crude also slipped, down 34 cents to $63.79 per barrel, but remained higher than last Monday’s $63.07 close.

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The states with the lowest average prices: Oklahoma ($2.29), Texas ($2.37), and Louisiana ($2.37).

The states with the highest average prices: Hawaii ($4.34), California ($4.13), and Washington ($3.75).

Biggest weekly changes: Michigan (+11.9¢), Indiana (+11.0¢), Maryland (+10.5¢), Oklahoma (+10.5¢), Delaware (+7.9¢)

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The states with the lowest average diesel prices: Oklahoma ($2.94), Colorado ($2.98), and Texas ($3.01).

The states with the highest average diesel prices: Hawaii ($5.12), California ($4.81), and Washington ($4.55).

Biggest weekly changes: Oklahoma (+10.0¢), Nebraska (+9.5¢), Florida (-8.7¢), Wyoming (-8.3¢), Colorado (+7.1¢)

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