U.S. gas prices are at an all time high. The average price of a gallon of regular gasoline now stands at $4.32, up from less than $3.50 one month ago, as the surge in fuel prices shows few signs of slowing.
The price spike is due to several factors. Most notably, the Russian invasion of Ukraine is leading to reduced supply of oil and gas, as many would-be buyers are reducing consumption of Russian oil – including the U.S., which imposed a ban on Russian oil imports. Russia is traditionally the third largest oil supplier in the world, accounting for 11% of global production. Here is a look at the 15 countries that control the world’s oil.
Even before the outbreak of war in Eastern Europe, fuel prices were on the rise. The ongoing reopening of the U.S. economy has contributed to rising demand for gas – and rising prices in turn have fueled broader inflation concerns. Meanwhile, domestic supply of fuel has been limited, as oil companies have cut investments in new wells in recent years to improve profitability.
While the average price of gas is at an all time high, there are parts of the country where gas prices remain relatively low, and motorists are paying far less than most other Americans. Using fuel price data from AAA, the American Automobile Association, 24/7 Wall St. identified the metropolitan areas with the lowest gas prices. Metro areas are ranked by the average price of a gallon of regular gasoline on March 10, 2022. In the case of a tie, the metro area where gas prices are rising slowest ranked higher.
Among the metro areas on this list, gas prices range anywhere from $3.95 a gallon to $3.72 a gallon. Most of the cities on this list are in the Midwest, including six in Iowa alone.
The total price motorists pay at the pump is the product of several factors, including the price of crude oil – largely determined by global supply and demand – and taxes. The U.S. government levies a gasoline tax of 18.4 cents per gallon, while states are free to set their own gas tax rate. State gas taxes and fees average about 30 cents per gallon. Here is a look at the states with the highest gas taxes.
Click here to see the cities with the lowest gas prices
50. Tyler, TX
> Avg. price of gas, March 10: $3.95 per gallon
> 1-day change: +$0.05 per gallon
[in-text-ad]
Source: DenisTangneyJr / Getty Images
49. Wichita Falls, TX
> Avg. price of gas, March 10: $3.94 per gallon
> 1-day change: +$0.08 per gallon
24/7 Wall St.
Source: Joe Raedle / Getty Images
48. Killeen-Temple-Fort Hood, TX
> Avg. price of gas, March 10: $3.94 per gallon
> 1-day change: +$0.09 per gallon
Source: Public Domain / Wikimedia Commons
47. Grand Island, NE
> Avg. price of gas, March 10: $3.94 per gallon
> 1-day change: +$0.01 per gallon
[in-text-ad-2]
Source: Sean Pavone / iStock via Getty Images
46. Denver, CO
> Avg. price of gas, March 10: $3.93 per gallon
> 1-day change: +$0.04 per gallon
Source: beverett / Getty Images
45. Cedar Rapids, IA
> Avg. price of gas, March 10: $3.93 per gallon
> 1-day change: +$0.02 per gallon
[in-text-ad]
Source: Public Domain / Wikimedia Commons
44. North Platte, NE
> Avg. price of gas, March 10: $3.93 per gallon
> 1-day change: +$0.02 per gallon
Source: Roberto Galan / iStock Editorial via Getty Images
43. Cape Girardeau, MO
> Avg. price of gas, March 10: $3.93 per gallon
> 1-day change: +$0.07 per gallon
Source: Jacob Boomsma / iStock via Getty Images
42. Colorado Springs, CO
> Avg. price of gas, March 10: $3.92 per gallon
> 1-day change: +$0.04 per gallon
[in-text-ad-2]
Source: steveodonnell / Getty Images
41. Council Bluffs, IA
> Avg. price of gas, March 10: $3.92 per gallon
> 1-day change: +$0.07 per gallon
Source: chapin31 / iStock Editorial via Getty Images
40. Pueblo, CO
> Avg. price of gas, March 10: $3.91 per gallon
> 1-day change: +$0.02 per gallon
[in-text-ad]
Source: gnagel / Getty Images
39. Jefferson City, MO
> Avg. price of gas, March 10: $3.91 per gallon
> 1-day change: +$0.10 per gallon
24/7 Wall St.
Source: Sean Pavone / Getty Images
38. Little Rock-North Little Rock, AR
> Avg. price of gas, March 10: $3.91 per gallon
> 1-day change: +$0.07 per gallon
Source: Nathan Livedalen / iStock via Getty Images
37. Bismarck, ND
> Avg. price of gas, March 10: $3.91 per gallon
> 1-day change: +$0.01 per gallon
[in-text-ad-2]
Source: Davel5957 / iStock via Getty Images
36. Omaha (NE only), NE
> Avg. price of gas, March 10: $3.91 per gallon
> 1-day change: +$0.05 per gallon
Source: dangarneau / iStock via Getty Images
35. Des Moines, IA
> Avg. price of gas, March 10: $3.91 per gallon
> 1-day change: +$0.01 per gallon
[in-text-ad]
Source: danthi66 / Getty Images
34. Hot Springs, AR
> Avg. price of gas, March 10: $3.91 per gallon
> 1-day change: +$0.07 per gallon
Source: marekuliasz / iStock via Getty Images
33. Fort Collins-Loveland, CO
> Avg. price of gas, March 10: $3.91 per gallon
> 1-day change: +$0.04 per gallon
Source: Jacob Boomsma / iStock via Getty Images
32. St. Cloud, MN
> Avg. price of gas, March 10: $3.90 per gallon
> 1-day change: +$0.05 per gallon
[in-text-ad-2]
Source: Public Domain via TheCatalyst31 / Wikimedia Commons
31. North Sioux City, SD
> Avg. price of gas, March 10: $3.90 per gallon
> 1-day change: +$0.05 per gallon
Source: Ron and Patty Thomas / Getty Images
30. Lubbock, TX
> Avg. price of gas, March 10: $3.90 per gallon
> 1-day change: +$0.02 per gallon
[in-text-ad]
Source: DenisTangneyJr / E+ via Getty Images
29. Sioux Falls, SD
> Avg. price of gas, March 10: $3.89 per gallon
> 1-day change: +$0.03 per gallon
28. Minot, ND
> Avg. price of gas, March 10: $3.89 per gallon
> 1-day change: +$0.01 per gallon
Source: DenisTangneyJr / E+ via Getty Images
27. Cheyenne, WY
> Avg. price of gas, March 10: $3.89 per gallon
> 1-day change: +$0.04 per gallon
[in-text-ad-2]
Source: Majestic_Aerials / iStock via Getty Images
26. Oklahoma City, OK
> Avg. price of gas, March 10: $3.88 per gallon
> 1-day change: +$0.07 per gallon
Source: Randy Stern / Flickr
25. Grand Forks (ND only), ND
> Avg. price of gas, March 10: $3.88 per gallon
> 1-day change: +$0.05 per gallon
[in-text-ad]
Source: harmantasdc / Getty Images
24. Iowa City, IA
> Avg. price of gas, March 10: $3.87 per gallon
> 1-day change: +$0.02 per gallon
Source: dustin77a / Getty Images
23. Sioux City (IA only), IA
> Avg. price of gas, March 10: $3.87 per gallon
> 1-day change: +$0.06 per gallon
Source: marekuliasz / iStock via Getty Images
22. Greeley, CO
> Avg. price of gas, March 10: $3.87 per gallon
> 1-day change: +$0.06 per gallon
[in-text-ad-2]
Source: DenisTangneyJr / Getty Images
21. Lawton, OK
> Avg. price of gas, March 10: $3.87 per gallon
> 1-day change: +$0.14 per gallon
Source: DenisTangneyJr / Getty Images
20. Fargo-Moorhead (ND only), ND
> Avg. price of gas, March 10: $3.87 per gallon
> 1-day change: +$0.04 per gallon
[in-text-ad]
Source: Public Domain / Wikimedia Commons
19. Casper, WY
> Avg. price of gas, March 10: $3.87 per gallon
> 1-day change: +$0.08 per gallon
24/7 Wall St.
Source: BOB WESTON / iStock via Getty Images
18. Jonesboro, AR
> Avg. price of gas, March 10: $3.86 per gallon
> 1-day change: +$0.05 per gallon
Source: LawrenceSawyer / Getty Images
17. Topeka, KS
> Avg. price of gas, March 10: $3.86 per gallon
> 1-day change: +$0.02 per gallon
[in-text-ad-2]
Source: Wolterk / Getty Images
16. Ames, IA
> Avg. price of gas, March 10: $3.86 per gallon
> 1-day change: +$0.02 per gallon
Source: Jacob Boomsma / iStock via Getty Images
15. Moorhead, MN
> Avg. price of gas, March 10: $3.86 per gallon
> 1-day change: +$0.01 per gallon
[in-text-ad]
Source: BergmannD / iStock via Getty Images
14. Lawrence, KS
> Avg. price of gas, March 10: $3.86 per gallon
> 1-day change: +$0.04 per gallon
.jpg "Sorlie Memorial Bridge over the Red River by Tony Webster")
Â
13. Polk County, MN
> Avg. price of gas, March 10: $3.85 per gallon
> 1-day change: +$0.03 per gallon
Source: Sean Pavone / Getty Images
12. Wichita, KS
> Avg. price of gas, March 10: $3.85 per gallon
> 1-day change: +$0.04 per gallon
[in-text-ad-2]
Source: Public Domain / Wikimedia Commons
11. Fayetteville-Springdale-Rogers, AR
> Avg. price of gas, March 10: $3.83 per gallon
> 1-day change: +$0.06 per gallon
Source: digidreamgrafix / Getty Images
10. Tulsa, OK
> Avg. price of gas, March 10: $3.82 per gallon
> 1-day change: +$0.04 per gallon
[in-text-ad]
Source: Cheri Alguire / iStock via Getty Images
9. Kansas City (KS only), KS
> Avg. price of gas, March 10: $3.82 per gallon
> 1-day change: +$0.00 per gallon
Source: Public Domain / Wikimedia Commons
8. Norfolk, NE
> Avg. price of gas, March 10: $3.82 per gallon
> 1-day change: +$0.03 per gallon
Source: DenisTangneyJr / Getty Images
7. Manhattan, KS
> Avg. price of gas, March 10: $3.81 per gallon
> 1-day change: +$0.03 per gallon
[in-text-ad-2]
Source: TriggerPhoto / Getty Images
6. Kansas City (MO only), MO
> Avg. price of gas, March 10: $3.80 per gallon
> 1-day change: +$0.02 per gallon
Source: BOB WESTON / iStock via Getty Images
5. Le Flore-Sequoyah, OK
> Avg. price of gas, March 10: $3.77 per gallon
> 1-day change: +$0.05 per gallon
[in-text-ad]
Source: DenisTangneyJr / Getty Images
4. Fort Smith (AR only), AR
> Avg. price of gas, March 10: $3.77 per gallon
> 1-day change: +$0.05 per gallon
Source: DenisTangneyJr / iStock via Getty Images
3. Amarillo, TX
> Avg. price of gas, March 10: $3.74 per gallon
> 1-day change: +$0.01 per gallon
Source: Michael Munster / Getty Images
2. Joplin, MO
> Avg. price of gas, March 10: $3.73 per gallon
> 1-day change: +$0.05 per gallon
[in-text-ad-2]
Source: Davel5957 / iStock via Getty Images
1. St. Joseph, MO
> Avg. price of gas, March 10: $3.72 per gallon
> 1-day change: +$0.02 per gallon
Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)
Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.
Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.
Click here now to get started.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
