National Gasoline Price Average Dropped Double Digits Week over Week, per Gas Buddy

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The nation’s average price of gasoline has fallen 10.7 cents over the last week and stands at $3.94 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 up 9.5 cents from a month ago and is 85.6 cents per gallon higher than a year ago. The national average price of diesel fell 5.1 cents in the last week and stands at $5.275 per gallon.

“Average gasoline prices declined in 47 states over the last week while diesel fell in 39, with the national average price of gasoline posting a double-digit drop per gallon,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “Diesel’s decline was roughly half that of gasoline, in part due to continued pressure on refined product markets from ongoing Ukrainian attacks on Russian oil refineries."

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In early Monday trade, WTI was up $1.44 to $79.62 per barrel, modestly above last Monday’s $78.94, while Brent gained $1.45 to $85.00 compared to $82.95 a week ago.

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The states with the lowest average prices: Indiana ($3.48), South Carolina ($3.49), and Oklahoma ($3.52).

The states with the highest average prices: California ($5.55), Hawaii ($5.41), and Washington ($5.07).

Biggest weekly changes: Michigan (-20.1¢), Delaware (-18.1¢), Ohio (-16.4¢), Oklahoma (-14.6¢), New Mexico (-13.8¢).

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The states with the lowest average diesel prices: Oklahoma ($4.72), Kansas ($4.82), and Missouri ($4.86).

The states with the highest average diesel prices: California ($6.85), Hawaii ($6.79), and Washington ($6.12).

Biggest weekly changes: Texas (-15.3¢), Florida (-13.6¢), Delaware (-12.6¢), North Carolina (-12.1¢), South Carolina (-12.1¢).

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