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Right now, the cheapest gas price for regular unleaded is in Mississippi, with an average price of $3.07 per gallon. Meanwhile, the highest average price is in California at $5.28.
Southern and Midwest states have some of the lowest prices in the country right now, with gas in Louisiana and Mississippi at $2.72. Texas, Arkansas, and Missouri drivers are paying just $2.76.
Gas prices within the last 10 years highlight how volatile the market can be. When looking at historical data, gas prices were the same in 2011 as they were in 2023 — $3.52 per gallon.
Discover the latest breaking news in the U.S. and around the world — politics, weather, entertainment, lifestyle, finance, sports and much more.
The largest component of the average price of $2.80/gallon of regular grade gasoline in the United States from 2012 through 2021, representing 54.8% of the price of gas, was the price of crude oil. The second largest component during the same period was taxes—federal and state taxes representing 17% of the price of gas.
A combination of oil prices and demand are determining gas prices right now. People in the U.S. are not using as much gas as usual. The price of oil is dropping. Together, these two influences are ...
Market participants and geopolitical analysts now acknowledge that the price cap is accomplishing both of its goals. [6] Russia's revenue from oil and gas remained low in the second quarter of 2023 with June oil and revenues at 528 billion rubles, the total for the half year being 3.38 trillion rubles ($37.4 billion). [184]
As it stands, the average price for a gallon of gasoline in the United States right now is $4.865, according to AAA. That’s a new all-time high not only on a national level but in all 50 states.