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The nation’s average price of gasoline has fallen 6.9 cents over the last week and stands at $3.78 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 55.6 cents from a month ago and is 64.2 cents per gallon higher than a year ago. The national average price of diesel fell 11.4 cents in the last week and stands at $4.876 per gallon.

“Average gasoline prices fell in 46 states over the last week, with diesel declining in 49, pushing the national average to its lowest level since mid-March,” said Patrick De Haan, head of petroleum analysis at GasBuddy.

“The declines came despite a turbulent week, as fresh attacks were traded between the U.S. and Iran before both sides agreed to halt hostilities just in time Sunday, preventing what could have been a significant spike in oil prices. For now, GasBuddy anticipates the national average will continue drifting lower this week, though the situation remains anything but predictable. A handful of price-cycling states could see prices jump ahead of the July 4 holiday, while many states that already cycled higher last week should see prices fall back down."

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Oil prices stabilized modestly to start the week after last week’s dramatic selloff, which saw crude shed more than 10% as tanker traffic through the Strait of Hormuz accelerated and Persian Gulf exports recovered to roughly 75% of prewar levels. The modest rebound reflects lingering uncertainty—Iran and the U.S. traded strikes on vessels late last week before agreeing to halt further attacks ahead of renewed peace talks in Doha on Tuesday, underscoring just how fragile the diplomatic progress remains.

In early Monday trade, WTI was up 66 cents to $69.89 per barrel, just above last Monday’s $75.88 level before Friday’s close below $70, while Brent gained 46 cents to $72.45, compared to $78.57 a week ago, with both benchmarks now essentially back to pre-war levels but unlikely to stay there if talks stumble.

“Since the signing of the Memorandum of Understanding, we saw an uptick in ships crossing the Strait, with stranded ships suddenly becoming available and providing a wave of new supply. More importantly, ships are moving into the Gulf, as that is required to see production recovering in the Middle East."

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The EIA’s Weekly Petroleum Status Report for the week ending June 19, 2026, showed U.S. commercial crude oil inventories fell by 6.1 million barrels and are about 7% below the five-year average for this time of year, while the SPR fell 9.1 million barrels to 331.2 million barrels. Gasoline inventories rose by 2.1 million barrels and are about 5% below the five-year seasonal average.

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Refinery utilization fell 0.6 percentage points to 96.1%.

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The states with the lowest average prices: Indiana ($3.21), Texas ($3.24), and Oklahoma ($3.29).

The states with the highest average prices: Hawaii ($5.43), California ($5.38), and Washington ($5.12).

Biggest weekly changes: Colorado (-20.4¢), Washington (-19.4¢), Oregon (-18.4¢), California (-15.4¢), Nevada (-14.7¢).

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The states with the lowest average diesel prices: Oklahoma ($4.14), Texas ($4.23), and Nebraska ($4.28).

The states with the highest average diesel prices: Hawaii ($6.80), California ($6.75), and Washington ($6.21).

Biggest weekly changes: Montana (-26.9¢), Wyoming (-24.8¢), Idaho (-21.1¢), Colorado (-20.7¢), Nebraska (-20.0¢).

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Meanwhile, in Louisiana, the average for Regular is down roughly 6 cents a gallon from a week ago, and diesel down almost 12 cents over that timeframe.

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New Senator-elect Julia Letlow already doing work to make America and Louisiana Great Again!

Dudes and Dudettes, it is going to be a great Fourth of July weekend for our 250th celebration. Maybe even the greatest in the history of the world, according to some experts I've spoken with. In fact, one expert told me just the other day, "RaginCajun03, this coming Fourth of July weekend is going to be so awesome, I just can't believe it. I would have never imagined how awesome it can be, but sure enough, it will be."