National Gasoline Price Average continues to Fall

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The nation’s average price of gasoline has fallen 0.3 cents over the last week 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 10.8 cents from a month ago and is 4.7 cents per gallon lower than a year ago. The national average price of diesel has increased 1.1 cents in the last week and stands at $3.663 per gallon.

“While the national average slipped slightly over the last week, it’s once again been a mixed bag depending on where you fill up,” said Patrick De Haan, head of petroleum analysis at GasBuddy.

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Oil prices faced downward pressure last week as OPEC+ members agreed to boost oil production again for October, with WTI closing out the week with a loss of over $4 per barrel. However, OPEC+ members met again but announced a smaller-than-expected production increase for November, leading to overnight gains in WTI and Brent prices, trying to claw back ground after last week’s big dip. In early Monday trade, WTI crude oil was up 97 cents per barrel to $61.85, off from last Monday’s $65.19 per barrel start, while Brent crude oil was up $1.03 to $65.56, down from last week’s $69.67 per barrel start.

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The states with the lowest average prices: Oklahoma ($2.55), Mississippi ($2.67), and Louisiana ($2.70).

The states with the highest average prices: California ($4.64), Hawaii ($4.48), and Washington ($4.48).

Biggest weekly changes: Ohio (+12.7¢), Indiana (-11.3¢), Colorado (-8.9¢), Delaware (-8.9¢), Illinois (-8.4¢)

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The states with the lowest average diesel prices: Oklahoma ($3.20), Texas ($3.23), and Mississippi ($3.27).

The states with the highest average diesel prices: Hawaii ($5.20), California ($5.11), and Washington ($5.03).

Biggest weekly changes: Texas (+9.6¢), Wyoming (-8.3¢), Michigan (+7.1¢), New Mexico (+5.7¢), Colorado (-4.8¢)

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