Here's where gas is the cheapest:
, bringing the national average to its lowest point in nearly a month, and 10 cents below its 2023 peak of $3.68, which it hit just two weeks ago—though prices are up nearly 25 cents from their late February low of $3.32 and 53 cents from December.
Prices are lowest in Mississippi, where drivers are paying an average of $3.08 per gallon, followed by Texas , Louisiana , Alabama and Arkansas , Tennessee , South Carolina and Oklahoma . The drop in prices coincides with a drop in oil prices, which fell to $75.45 on the U.S. benchmark West Texas Intermediate and to $77.03 on the international benchmark Brent Crude Oil—even after OPEC oil-producing countries announced plans last month to substantially cut production., AAA spokesperson Andrew Gross said gas prices—which are 61 cents lower than this time last year—could be peaking “for now,” as long as oil prices remain in the mid-$70s per barrel.
The drop in prices also coincides with a decrease in gasoline stocks and a jump in national gas demand, with demand increasing from 8.52 million barrels per day to 9.51 million barrels per day over the seven-day period ending last Wednesday, according to Energy Information Administration —and while high demand and low inventories normally signify a jump in prices, “fluctuating oil prices have pushed them lower,” Gross said.$1.44. That’s how much less drivers are paying for a gallon of gas, on average, than they were last June, when prices spiked to an all-time record of $5.02.Gas prices are highest in California , Hawaii , Arizona , Washington , Nevada , Oregon and Illinois .
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