The national average price for a gallon of regular gasoline fell 2.8 cents in the past week to $2.136. The most common price was unchanged at $1.999 and the average difference between the highest 5% of prices and the lowest 5% prices is $1.166. One year ago a gallon of regular gas averaged $2.668 in the U.S.
The 12 U.S. cities with the highest gasoline prices are all located in California, and 8 of those cities report gasoline prices above $2.75 a gallon according to GasBuddy:
- San Francisco: $2.884
- Santa Barbara: $2.806
- Bakersfield: $2.775
- San Diego: $2.772
- Los Angeles: $2.770
- Ventura: $2.756
- San Jose: $2.752
- Orange County: $2.750
That’s a total of more than 12 million people who may be among the first in the country to pay $3 for a gallon of gas this driving season.
The five states where gasoline is most expensive are Hawaii ($2.742), California ($2.733), Washington ($2.622), Alaska ($2.581), and Oregon ($2.489).
An interesting story out of Hawaii last week. Par Hawaii, one of the largest retail gasoline station owners in the state, just christened a former Tesoro station with its new Hele brand. To celebrate, the station sold gas for $1.99 a gallon for four hours on Saturday. The company plans to convert a total of 37 gas stations to the new brand according to Pacific Business News.
The five U.S. cities where gasoline prices are lowest are Chattanooga, Tennessee ($1.745), Myrtle Beach, South Carolina ($1.795), Columbia, South Carolina ($1.829), Lubbock, Texas ($1.834), and Spartanburg, South Carolina ($1.834).
The five states where gasoline is cheapest are South Carolina ($1.837), Alabama ($1.881), Oklahoma ($1.884), Tennessee ($1.887), and Mississippi ($1.905).
Among U.S. gas stations, 100% are selling gas for $1.50 or more while 58.4% are selling gas for $2.00 to $2.25 a gallon and 25.1% are selling gas for more than $2.25 a gallon.
Sponsored: Attention Savvy Investors: Speak to 3 Financial Experts – FREE
Ever wanted an extra set of eyes on an investment you’re considering? Now you can speak with up to 3 financial experts in your area for FREE. By simply
clicking here you can begin to match with financial professionals who can help guide you through the financial decisions you’re making. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
