During the last week, costs shifted up and down from area to area, with will increase of lower than one cent within the East Coast, Gulf Coast, and West Coast areas. The Rocky Mountains noticed the best dip in costs, lowering 8 cents.
Photograph: EIA/Automotive Fleet
Previously week, gas costs shifted marginally in virtually all areas nationwide. The U.S. nationwide common gasoline worth dipped ever so barely however stayed comparatively the identical at $3.04, in accordance with U.S. Vitality Info Administration (EIA) information. Costs year-over-year are down 24 cents.
“Forward of Thanksgiving, motorists proceed to be teased by the prospect of a $2.99 per gallon nationwide common,” Patrick De Haan, head of petroleum evaluation at GasBuddy, mentioned. Though the prospects have appeared favorable for the nationwide common to achieve beneath $2.99, which is at the moment seen in over half of the nation’s states, it hasn’t crossed that threshold but.
“Some promotions forward of Thanksgiving are pushing gasoline costs again down, whilst oil stays elevated. For now, we’re simply pennies away from the nationwide common falling to $2.99, however for a 3rd 12 months, we might once more fall brief,” De Haan continued.
Nonetheless, we’re nonetheless seeing the bottom nationwide common worth of gasoline since 2021, and in accordance with De Haan, with a much better financial image than when gasoline costs had been final this low.
See how diesel costs are altering per area on Work Truck.
U.S. Regional Gasoline Costs as of November 25, 2024
Right here’s a have a look at costs by area in accordance with EIA information, as of Nov. 25:
- East Coast: $3.01
- Midwest: $2.86
- Gulf Coast: $2.63
- Rocky Mountain: $2.82
- West Coast: $3.88
During the last week, costs shifted up and down from area to area, with will increase of lower than one cent within the East Coast, Gulf Coast, and West Coast areas. The Rocky Mountain area noticed essentially the most vital lower of 8 cents.
Right here’s an inventory of the ten lowest common costs per gallon, in accordance with AAA information as of Nov. 25:
| Rank | State | Common |
|---|---|---|
| 1 | Oklahoma | $2.51 |
| 2 | Mississippi | $2.62 |
| 3 | Texas | $2.63 |
| 4 | Arkansas | $2.65 |
| 5 | Kansas | $2.70 |
| 6 | Tennessee | $2.70 |
| 7 | Louisiana | $2.71 |
| 8 | Missouri | $2.71 |
| 9 | Iowa | $2.74 |
| 10 | Nebraska | $2.75 |
Oklahoma has remained the primary state with the most affordable worth for a gallon of gasoline at $2.51. At the moment, 28 states have a $2.99 or decrease common for a gallon of gasoline.
U.S. Regional Gasoline Costs as of November 18, 2024
During the last week, costs rose within the East Coast and Midwest areas. The Rocky Mountains noticed the best dip in costs, lowering 16 cents.
Photograph: EIA/Automotive Fleet
The nationwide common dipped for the fifth consecutive week, with slight modifications throughout U.S. areas. The nationwide common price of gasoline decreased 1 cent within the final week to $3.04, in accordance with U.S. Vitality Info Administration (EIA) information. Costs year-over-year are down 24 cents.
“A number of states noticed gasoline costs bounce or ‘cycle’ final week, a habits by which gasoline costs climb considerably after falling beneath a station’s alternative worth,” De Haan mentioned.
Biking explains why the nationwide common noticed little change from final week, and lots of states are experiencing a sluggish decline regardless of the states that noticed large jumps.
“The excellent news is that these states that noticed giant jumps final week will probably see a number of the greatest declines on the pump this week, paving the best way for the nationwide common to fall, probably beneath $3 per gallon,” De Haan continued.
See how diesel costs are altering per area on Work Truck.
Right here’s a have a look at costs by area in accordance with EIA information, as of Nov. 18:
- East Coast: $3.00
- Midwest: $2.88
- Gulf Coast: $2.62
- Rocky Mountain: $2.91
- West Coast: $3.87
During the last week, costs declined in every single place besides the East Coast, which noticed an insignificant improve, and the Midwest, which noticed a slight improve of two cents. The Rocky Mountain area noticed essentially the most vital lower of 16 cents.
Right here’s an inventory of the ten lowest common costs per gallon, in accordance with AAA information as of Nov. 18:
| Rank | State | Common |
|---|---|---|
| 1 | Oklahoma | $2.56 |
| 2 | Mississippi | $2.63 |
| 3 | Texas | $2.65 |
| 4 | Arkansas | $2.66 |
| 5 | Missouri | $2.67 |
| 6 | Kansas | $2.70 |
| 7 | Tennessee | $2.71 |
| 8 | South Carolina | $2.73 |
| 9 | Iowa | $2.73 |
| 10 | Louisiana | $2.73 |
Oklahoma has remained the primary state with the most affordable worth for a gallon of gasoline at $2.56. At the moment, 28 states have a $2.99 or decrease common for a gallon of gasoline.
U.S. Regional Gasoline Costs as of November 11, 2024
During the last week, costs rose within the East Coast and Gulf Coast areas. The Midwest noticed the best dip in costs, lowering 7 cents.
Photograph: EIA/Automotive Fleet
Within the second week of November, gasoline costs dipped in most areas for a fourth consecutive week throughout the U.S. The nationwide common price of gasoline decreased 1 cent within the final week to $3.05, in accordance with U.S. Vitality Info Administration (EIA) information. Costs year-over-year are down 29 cents.
With the election handed, dropping gasoline costs have stayed the course as seasonal demand weakens. Some could also be stunned by the decline, De Haan mentioned. Nonetheless, a minimum of half of U.S. states have a median beneath $3 per gallon, which was anticipated in GasBuddy’s annual gas outlook in December 2023.
“With the median U.S. gasoline worth now at $2.95 per gallon, the bottom since 2021, it seems to be only a matter of time earlier than the nationwide common falls beneath $3 per gallon for the primary time since Could 2021,” De Haan continued.
See how diesel costs are altering per area on Work Truck.
Right here’s a have a look at costs by area in accordance with EIA information, as of Nov. 11:
- East Coast: $3.00
- Midwest: $2.86
- Gulf Coast: $2.63
- Rocky Mountain: $3.07
- West Coast: $3.92
During the last week, costs declined in every single place besides the East Coast and Gulf Coast areas, which noticed slight will increase of 1 cent. The Midwest area noticed essentially the most vital lower of seven cents.
Right here’s an inventory of the ten lowest common costs per gallon, in accordance with AAA information as of Nov. 11:
| Rank | State | Common |
|---|---|---|
| 1 | Oklahoma | $2.60 |
| 2 | Mississippi | $2.67 |
| 3 | Texas | $2.68 |
| 4 | Missouri | $2.70 |
| 5 | Arkansas | $2.71 |
| 6 | Kansas | $2.72 |
| 7 | Tennessee | $2.73 |
| 8 | Louisiana | $2.76 |
| 9 | Alabama | $2.77 |
| 10 | Iowa | $2.79 |
Three states have been unknowingly battling for the most affordable worth for a gallon of gasoline. Oklahoma, Mississippi, and Texas ceaselessly place on the prime of the listing, with Oklahoma sustaining the bottom worth at $2.60. In latest months, Mississippi held the primary spot.
At the moment, 25 states have a $2.99 or decrease common for a gallon of gasoline.
U.S. Regional Gasoline Costs as of November 4, 2024
During the last week, costs rose within the Midwest area. The Rocky Mountains noticed the best dip in costs, lowering 9 cents.
Photograph: EIA/Automotive Fleet
Heading into November, gasoline costs proceed declining in most areas throughout the U.S. The nationwide common price of gasoline decreased 3 cents within the final week to $3.06, in accordance with U.S. Vitality Info Administration (EIA) information. Costs year-over-year are down 32 cents.
Though seasonal developments proceed to push down gasoline costs, consideration might be paid to the election this week and its affect on the nation’s trajectory.
“Gasoline costs are more likely to be a present to the subsequent president, staying a lot decrease than in earlier years when COVID and Russia’s warfare on Ukraine brought about a surge that is unlikely to repeat,” Patrick De Haan, head of petroleum evaluation at GasBuddy, mentioned.
People can count on the downward pattern to proceed in most states, whereas others have seen worth jumps briefly attributable to “worth biking”, De Haan continued. We should always see the variety of states with sub-$3-per-gallon costs develop as we get nearer to Thanksgiving.
See how diesel costs are altering per area on Work Truck.
Here is a have a look at costs by area in accordance with EIA information, as of Nov. 4:
- East Coast: $2.99
- Midwest: $2.93
- Gulf Coast: $2.61
- Rocky Mountain: $3.10
- West Coast: $3.94
During the last week, costs declined in each area besides the Midwest, which noticed a slight improve of 1 cent. The Rocky Mountain area noticed essentially the most vital lower of 9 cents.
Here is an inventory of the ten lowest common costs per gallon, in accordance with AAA information as of Nov. 4:
| Rank | State | Common |
|---|---|---|
| 1 | Oklahoma | $2.63 |
| 2 | Mississippi | $2.66 |
| 3 | Texas | $2.66 |
| 4 | Arkansas | $2.73 |
| 5 | Missouri | $2.74 |
| 6 | Tennessee | $2.74 |
| 7 | Kansas | $2.76 |
| 8 | Kentucky | $2.76 |
| 9 | Louisiana | $2.76 |
| 10 | South Carolina | $2.78 |
As increasingly more states fall below the $3 per gallon benchmark, Mississippi has been but once more dethroned by one other state for the primary state with the most affordable worth for a gallon of gasoline. Oklahoma has the bottom worth at $2.63.
At the moment, 25 states have a $2.99 or decrease common for a gallon of gasoline.
Regional Fuel Costs: Remaining Week of October
Firstly of the ultimate week of October 2024, the common gasoline costs in accordance with EIA information, as of Oct. 28, reported by area had been:
- East Coast: $3.04
- Midwest: $2.92
- Gulf Coast: $2.64
- Rocky Mountain: $3.19
- West Coast: $3.97
