Gas prices slip for sixth straight week

BALTIMORE, MD—For the sixth consecutive week, the national average price of gasoline has dipped, falling 7.2 cents to $3.22 per gallon on Monday, according to data released by GasBuddy. The national average is now 58.8 cents per gallon, a 22.5-cent drop from a month ago.

“Impressively, for the sixth straight week, gas prices have dropped to their lowest since winter,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “We fully expect gas prices will continue to drop as Americans drive less with the onset of fall.”

De Haan continued, “With oil prices falling below $70 per barrel, their lowest since 2021, there’s solid room for gas prices and diesel to continue falling for some time. We expect the national average could fall below $3 per gallon as early as October for the first time since 2021, which would be music to the ears of motorists and certainly to politicians who are angling to be elected this fall.”

According to GasBuddy, 11 states and more than 45,000 stations now offer gas prices below $3 per gallon.

The most common U.S. gas price encountered by motorists stood at $2.99 per gallon, down 20 cents from last week, followed by $3.09, $3.19, $3.29, and $2.89 rounding out the top five most common prices.

The median U.S. gas price is $3.09 per gallon, down 10 cents from last week and about 13 cents lower than the national average.

The top 10% of stations in the country average $4.42 per gallon, while the bottom 10% average $2.63 per gallon.

The states with the lowest average prices: Oklahoma ($2.73), Mississippi ($2.74), Louisiana ($2.77).

The states with the highest average prices: California ($4.62), Hawaii ($4.61), and Washington ($4.08).

Biggest weekly changes: Ohio (-16.8¢), Florida (-14.5¢), Michigan (-11.8¢), South Carolina (-11.6¢), Kentucky (-11.5¢).

In and around the Nottingham area, the cheapest gas this week could be found at these locations…

This article was written with the assistance of AI and reviewed by a human editor.

Photo via Pixabay