The Midwest area noticed the best decline during the last week, with a 3-cent lower.
Picture: EIA/Automotive Fleet
With Individuals settling in after the brand new 12 months and small surges as of late, fuel costs have declined ever so barely this previous week. The nationwide common price of gasoline at present stands at $3.04, in response to U.S. Vitality Info Administration (EIA) knowledge. Costs year-over-year are down by simply 1 cent.
“It’s been a comparatively quiet week for the nationwide common value of gasoline, with little general motion,” GasBuddy Head of Petroleum Evaluation Patrick De Haan stated.
De Haan touched on the rising trajectory of oil costs, which might trigger a extra noticeable impression on fuel costs within the coming weeks.
“Seasonally weak demand could assist soften the impression of any will increase for now, however with refinery upkeep season simply weeks away—when refiners sometimes scale back gasoline manufacturing—motorists must be ready for the spring rally to kick off,” De Haan continued.
See how diesel costs are altering per area on Work Truck.
U.S. Regional Gasoline Costs as of Jan. 13, 2025
Gasoline costs see a blended vary of modifications throughout the board. Right here’s a have a look at costs by area in response to EIA knowledge, as of Jan. 13:
- East Coast: $2.99
- Midwest: $2.89
- Gulf Coast: $2.66
- Rocky Mountain: $2.87
- West Coast: $3.81
Though costs declined within the Midwest and Rocky Mountain areas, all different areas noticed will increase averaging 1 cent.
This is a have a look at the highest 10 most cost-effective states to purchase fuel, in response to AAA knowledge:
| Rank | State | Common |
|---|---|---|
| 1 | Oklahoma | $2.58 |
| 2 | Mississippi | $2.63 |
| 3 | Texas | $2.68 |
| 4 | Kansas | $2.69 |
| 5 | Arkansas | $2.69 |
| 6 | Louisiana | $2.73 |
| 7 | Missouri | $2.74 |
| 8 | Kentucky | $2.75 |
| 9 | Alabama | $2.75 |
| 10 | Tennessee | $2.76 |
Whereas the states on this record solely shuffled round, Oklahoma and Mississippi stay the highest two states with the most affordable value for a gallon of fuel.
At the moment, 28 states have a $2.99 or decrease common for a gallon of fuel, am enhance from the current common of 27 states.
U.S. Regional Gasoline Costs as of Jan. 6, 2025
The Midwest area noticed the best progress during the last week, with a 6-cent enhance.
Picture: EIA/Automotive Fleet
With 2025 in full swing and Individuals settling again in to work, the nationwide common value of gasoline rose 4 cents. Costs noticed the largest weekly rise in months as oil costs surge.
“Oil costs have surged to almost $74 per barrel, the best stage in months, pushed by optimism that China’s current financial coverage shifts might increase oil demand, leading to one of many largest weekly climbs in U.S. fuel costs in months,” De Haan stated. “Whereas the nationwide common dipped under $3 per gallon for a couple of days in current weeks, these days are probably behind us.”
GusBuddy’s 2025 Gasoline Outlook confirmed a continued slight enhance on the pump within the weeks forward in its forecast.
Nonetheless, costs are down 2 cents on common in comparison with this time final 12 months.
Gasoline costs are up throughout the board. We broke down costs by area in response to EIA knowledge, as of Jan. 6:
- East Coast: $2.99
- Midwest: $2.93
- Gulf Coast: $2.65
- Rocky Mountain: $2.89
- West Coast: $3.79
The Midwest area noticed the best progress, with a 6-cent enhance in comparison with the next week.
This is a have a look at the highest 10 most cost-effective states to purchase fuel, in response to AAA knowledge:
| Rank | State | Common |
|---|---|---|
| 1 | Oklahoma | $2.56 |
| 2 | Mississippi | $2.61 |
| 3 | Kansas | $2.67 |
| 4 | Texas | $2.68 |
| 5 | Arkansas | $2.70 |
| 6 | Missouri | $2.72 |
| 7 | Louisiana | $2.73 |
| 8 | Tennessee | $2.74 |
| 9 | Alabama | $2.76 |
| 10 | Kentucky | $2.78 |
South Carolina fell off the record this week, falling a number of spots as costs there rose to $2.82 on common.
U.S. Regional Gasoline Costs as of Dec. 30, 2024
During the last week, costs rose barely within the East Coast area. The Midwest noticed the best dip in costs, lowering 6 cents.
Picture: EIA/Automotive Fleet
Within the new 12 months, the nationwide common fuel value continues to fluctuate, persistently teasing a under $3 per gallon common. The nationwide common price of gasoline at present stands at $3.00, in response to U.S. Vitality Info Administration (EIA) knowledge. Costs year-over-year are down 8 cents.
“After a couple of weeks of rising fuel costs, the nationwide common has reversed course, declining as we shut out 2024,” De Haan stated.
2024 marks the second consecutive 12 months of decline within the nationwide common.
This week and the times forward, we’ll probably see fuel costs fall in some states, whereas the Nice Lakes area could expertise one other value cycle, De Haan continued. It’s reported that the nationwide common will stay largely secure throughout this era.
See how diesel costs are altering per area on Work Truck.
Right here’s a have a look at costs by area in response to EIA knowledge, as of Dec. 30:
- East Coast: $2.95
- Midwest: $2.87
- Gulf Coast: $2.61
- Rocky Mountain: $2.88
- West Coast: $3.77
During the last week, costs declined in all places besides on the East Coast, which elevated by just one cent. The Midwest area noticed essentially the most vital lower of 6 cents.
Right here’s an inventory of the ten lowest common costs per gallon, in response to AAA knowledge as of Dec. 30:
| Rank | State | Common |
|---|---|---|
| 1 | Oklahoma | $2.57 |
| 2 | Mississippi | $2.58 |
| 3 | Texas | $2.66 |
| 4 | Kansas | $2.67 |
| 5 | Arkansas | $2.68 |
| 6 | Louisiana | $2.69 |
| 7 | Missouri | $2.72 |
| 8 | Alabama | $2.72 |
| 9 | South Carolina | $2.75 |
| 10 | Tennessee | $2.75 |
Because the first week of November, Oklahoma has remained the primary state with the bottom value for a gallon of fuel at $2.57. At the moment, 27 states have a $2.99 or decrease common for a gallon of fuel, a lower from the current common of 30 states.
