Across a lot of the country, prices proceed their upward trend, with the Midwest seeing the best jump week-over-week with a 9-cent increase. The West Coast continues to carry strong with regular price drops.
The slight decrease in gasoline prices we saw in early June aren’t any more, with a continued increase over the previous couple of weeks. Still, the typical price of fuel on the pump is the bottom it has been going into July 4 since 2021, in line with GasBuddy.
As of July 1, the national average for a gallon of gas is $3.47. That is a 4-cent increase in comparison with the previous week. Prices have slowly inched upward over the past several weeks.
GasBuddy’s projected national average price of gas on July 4 is only a penny lower than it was a yr ago at $3.50, but is over $1.30 below what motorists paid over the vacation in 2022, when the economy became superheated, and Russia’s invasion of Ukraine pushed oil to triple-digits.
“For those hitting the road to rejoice Independence Day, gas prices have seen modest recent fluctuations, but most states are seeing prices near and even well below where they were a yr ago,” GasBuddy Head of Petroleum Evaluation Patrick De Haan said. “While the primary half of the summer has been relatively smooth sailing, the road ahead could also be bumpy. Activity within the tropics has increased, and projections remain for a really busy hurricane season. Even after the vacation fireworks are over, we’ll be waiting for any potential fireworks on the pump that could possibly be brought on by hurricanes disrupting refineries.”
U.S. Regional Gasoline Prices as of July 1, 2024
Here’s how prices break down by region in line with EIA data, as of July 1:
- East Coast: $3.38
- Midwest: $3.41
- Gulf Coast: $3.07
- Rocky Mountain: $3.35
- West Coast: $4.23
Across a lot of the country, prices proceed their upward trend, with the Midwest seeing the best jump week-over-week with a 9-cent increase. The West Coast continues to carry strong with regular price drops.
Here’s a listing of how the costs break down in the highest 10 most cost-effective states for gas without delay, in line with AAA data as of July 2:
| Rank | State | Regular |
| 1 | Mississippi | $2.95 |
| 2 | Louisiana | $3.02 |
| 3 | Arkansas | $3.06 |
| 4 | Oklahoma | $3.08 |
| 5 | Texas | $3.09 |
| 6 | Tennessee | $3.10 |
| 7 | Kansas | $3.11 |
| 8 | Alabama | $3.11 |
| 9 | Missouri | $3.12 |
| 10 | South Carolina | $3.21 |
Right away, Mississippi stays the one state with gas prices under $3 per gallon.
This Article First Appeared At www.automotive-fleet.com
