Hey guys, long time no see. I’m here because I’ve got some big news today. The average price of a gallon of gas in the U.S. is now back at the $4.50 per gallon mark for the first time since mid-May, according to AAA. That is incredibly welcome news for the nation’s drivers.
That new average price is down 52 cents from the all-time high set a little over a month ago at $5.02 per gallon. It’s still a far cry from where average prices were a year ago today – $3.17 per gallon — but it’s certainly something. It also looks to be a trend that will continue for some time.
Diesel prices are down as well, but not nearly as much. In the U.S, the average price of a gallon of diesel is now $5.52 per gallon, down 30 cents per gallon from the peak of $5.82 set on June 19th.
Despite the drop in prices, there’s still nowhere in the country where the average price of a gallon of regular is less than $4 per gallon. (South Carolina has the cheapest average, at $4.00 per gallon exactly.)
President Biden celebrated this news Monday on Twitter, saying the average American driver is saving about $25 per month on gas now that prices have decreased for the past 34 days.
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“I know those extra dollars and cents mean something. It’s breathing room. And we’re not done working to get prices even lower,” the President’s tweet read.
Let’s take a gander at who has the highest and lowest gas prices across the country. It’s really been a while, hasn’t it?
The highest average fuel prices by state:
- California - $5.87 Regular | $6.10 Mid | $6.23 Premium | $6.67 Diesel
- Hawaii - $5.60 Regular | $5.79 Mid | $6.03 Premium | $6.11 Diesel
- Alaska - $5.32 Regular | $5.59 Mid | $5.75 Premium | $5.94 Diesel
- Oregon - $5.27 Regular | $5.48 Mid | $5.69 (nice) Premium | $6.33 Diesel
- Nevada - $5.24 Regular | $5.50 Mid | $5.68 Premium | $5.66 Diesel
The lowest average fuel prices by state:
- South Carolina - $4.00 Regular | $4.41 Mid | $4.75 Premium | $5.14 Diesel
- Texas - $4.00 Regular | $4.40 Mid | $4.72 Premium | $4.94 Diesel
- Georgia - $4.01 Regular | $4.44 Mid | $4.79 Premium | $5.20 Diesel
- Mississippi - $4.03 Regular | $4.40 Mid | $5.76 Premium | $5.06 Diesel
- Louisiana - $4.06 Regular | $4.45 Mid | $4.79 Premium | $5.08 Diesel