Gas Prices Dip for Second Straight Week, Americans Saving $200 Million Per Day

The nation’s average price of gasoline has declined for the second straight week, falling 3.4 cents compared to a week ago and stands at $3.10 per gallon, according to GasBuddy® data compiled from more than 12 million individual price reports covering over 150,000 gas stations across the country. The national average is up 1.8 cents from a month ago and is 54.6 cents per gallon lower than a year ago. The national average price of diesel has decreased 2.7 cents in the last week and stands at $3.519 per gallon.

“The national average has seen its second straight weekly decline, with gas prices falling in over 40 states. However, some states have seen increases due to localized price cycling,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “With oil prices rallying over the past week, we may start to see the downward trend in gas prices begin to stall. So far, 2025 has been relatively calm at the pump for most Americans, thanks in part to OPEC’s ongoing restoration of oil production and continued uncertainty surrounding tariff policy and its potential impact on the global economy. Regardless, Americans are currently spending over $200 million less per day on gasoline compared to this time last year.”

OIL PRICES

As the possibility of a U.S.-led nuclear deal with Iran increases, oil prices have decreased as sanctions relief could potentially be part of a deal, as well as optimism with a brief Easter ceasefire between Russia and Ukraine, and continued worries about rising tensions between the U.S. and China. In early Monday trade, WTI crude oil was down $1.64 per barrel to $63.04, up from last Monday’s $62.43 per barrel start. Brent crude oil was also in the negative, falling $1.56 per barrel to $66.40 in early trade, up from last Monday’s $65.66 per barrel start. After briefly falling into the $50s on Trump’s tariff worries a few weeks ago, oil prices have rallied as tariffs were paused, but higher than normal volatility is likely to continue with major global headlines having a larger impact on oil, given economic uncertainty.

OIL AND REFINED PRODUCTS

The EIA’s Weekly Petroleum Status Report for the week ending April 11, 2025, showed U.S. oil inventories rose by 0.5 million barrels, about 6% below the seasonal average for this time of year, while the SPR rose 300,000 barrels to 397.0 million. Gasoline inventories fell by 2.0 million barrels and stand 1% below the five-year seasonal average, while distillate inventories fell 1.9 million barrels and are about 11% below the five-year seasonal average. Refinery utilization fell 0.4 percentage points to 86.3%, while implied gasoline demand, EIA’s proxy for retail demand, rose 38,000 bpd to 8.462 million barrels per day.

GAS PRICE TRENDS

The most common U.S. gas price encountered by motorists stood at $2.99 per gallon, unchanged from last week, followed by $2.89, $2.79, $3.09, and $2.69, rounding out the top five most common prices.

The median U.S. gas price is $2.96 per gallon, down 3 cents from last week and about 14 cents lower than the national average.

The top 10% of stations in the country average $4.54 per gallon, while the bottom 10% average $2.50 per gallon.

The states with the lowest average prices: Mississippi ($2.65), Texas ($2.65), and Tennessee ($2.65).

The states with the highest average prices: California ($4.76), Hawaii ($4.42), and Washington ($4.22).

Biggest weekly changes: Ohio (+12.9¢), New Mexico (-11.4¢), Washington (-10.5¢), Michigan (+9.4¢), Idaho (-9.0¢)

DIESEL PRICE TRENDS

The most common U.S. diesel price stood at $3.49 per gallon, 10 cents lower than last week, followed by $3.49, $3.39, $3.29, and $3.19, rounding out the top five most common prices.

The median U.S. diesel price is $3.44 per gallon, down 14 cents from last week and about 8 lower higher than the national average.

Diesel prices at the top 10% of stations in the country average $4.59 per gallon, while the bottom 10% average $2.89 per gallon.

The states with the lowest average diesel prices: Texas ($3.04), Oklahoma ($3.11), and Louisiana ($3.13).

The states with the highest average diesel prices: Hawaii ($5.27), California ($4.93), and Washington ($4.41).

Biggest weekly changes: New Mexico (-8.8¢), Washington (-7.5¢), Texas (-7.1¢), Alaska (+5.7¢), Nevada (-5.0¢).