Throughout many of the nation, costs proceed their upward development, with the Midwest seeing the best bounce week-over-week with a 9-cent enhance. The West Coast continues to carry robust with regular worth drops.
The slight lower in gasoline costs we noticed in early June aren’t any extra, with a continued enhance over the previous few weeks. Nonetheless, the typical worth of gas on the pump is the bottom it has been going into July 4 since 2021, in accordance with GasBuddy.
As of July 1, the nationwide common for a gallon of fuel is $3.47. That is a 4-cent enhance in comparison with the earlier week. Costs have slowly inched upward during the last a number of weeks.
GasBuddy’s projected nationwide common worth of fuel on July 4 is only a penny decrease than it was a yr in the past at $3.50, however is over $1.30 beneath what motorists paid over the vacation in 2022, when the economic system grew to become superheated, and Russia’s invasion of Ukraine pushed oil to triple-digits.
“For these hitting the highway to have fun Independence Day, fuel costs have seen modest current fluctuations, however most states are seeing costs close to and even effectively beneath the place they have been a yr in the past,” GasBuddy Head of Petroleum Evaluation Patrick De Haan stated. “Whereas the primary half of the summer season has been comparatively easy crusing, the highway forward could also be bumpy. Exercise within the tropics has elevated, and projections stay for a really busy hurricane season. Even after the vacation fireworks are over, we’ll be looking forward to any potential fireworks on the pump that might be introduced on by hurricanes disrupting refineries.”
U.S. Regional Gasoline Costs as of July 1, 2024
Here is how costs break down by area in accordance with EIA knowledge, as of July 1:
- East Coast: $3.38
- Midwest: $3.41
- Gulf Coast: $3.07
- Rocky Mountain: $3.35
- West Coast: $4.23
Throughout many of the nation, costs proceed their upward development, with the Midwest seeing the best bounce week-over-week with a 9-cent enhance. The West Coast continues to carry robust with regular worth drops.
Here is an inventory of how the costs break down within the prime 10 least expensive states for fuel proper now, in accordance with AAA knowledge as of July 2:
| Rank | State | Common |
| 1 | Mississippi | $2.95 |
| 2 | Louisiana | $3.02 |
| 3 | Arkansas | $3.06 |
| 4 | Oklahoma | $3.08 |
| 5 | Texas | $3.09 |
| 6 | Tennessee | $3.10 |
| 7 | Kansas | $3.11 |
| 8 | Alabama | $3.11 |
| 9 | Missouri | $3.12 |
| 10 | South Carolina | $3.21 |
Proper now, Mississippi stays the one state with fuel costs below $3 per gallon.
