Gas prices US Weekly gas price averages: 2018-2025

Global trade tensions have stoked fears of more supply shocks. On Monday, China slapped a 15% tariff on US gas in response to Donald Trump’s tax on Chinese imports. ✝ To check the rates and terms you may qualify for, SoFi conducts a soft credit Best ev stocks pull that will not affect your credit score. Prices are adjusted for inflation and shown in 2020 dollars. We update our data regularly, but information can change between updates.

The gas station may place a temporary hold on your card for up to $175 until the final purchase amount is charged to your account. The amount of the fxcm review hold and how long it applies ultimately depend on the gas station, the issuer, and the credit card network. For more money-saving options, check out the rest of the best gas credit cards right now. Some of the best rewards credit cards will offer you points, miles, or cash back that can help you save money on gas in the long run. Some states prohibit passing that surcharge onto customers, but many gas stations will still try to incentivize alternate payment methods by adding a cash discount.

How long does it take for a gas station to charge your card?

The best day to buy gas is Monday, according to a Gas Buddy study. European storage levels have been depleted by cold weather and are now at approximately 50% capacity, well below the roughly 70% level recorded this time last year. It’s brought the price up to 140 pence a therm (a unit of heat used to measure gas), a high not seen since January 2023. We based each model’s fuel tank capacity on the 2022 base model, according to Edmunds(4). At the other end of the spectrum are both the Honda Civic and Toyota Corolla Cross at a cost of $41.12 for a tank of gas, with the Mazda CX-30 in third at $42.11. The most expensive model to fill up is the Ram 2500 in 2024, costing you some $106.12 at the pump.

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California has the most expensive gas in the US as of Feb. 13, 2025, with the highest gas prices in the US costing $4.80 a gallon. It’s followed by Hawaii ($4.55) and Washington ($4.11) as the next two most expensive states to buy gas. Moreover, the prices also depend on the location of gas stations.

GAS PRICES IN 2012 REACHED $3.64

In the same way, drivers with license plates ending with an odd number could buy gas on odd-numbed days. The average price of diesel fuel is $4.99 in the United States. The average price of diesel fuel is $4.68 in the United States. In addition, during the summer months, gas refineries must use more expensive gasoline components in order to meet federal guidelines. The average price of gas first went over $1 a gallon in 1980, when it went from $0.86 per gallon to $1.19 per gallon.

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• According to data collected from energy.gov(8) and the U.S.
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• Less than one month into his second term, the results have been mixed.
• Similarly, prices tend to rise during the spring and summer months when more drivers are on the road.
• The states with the highest average prices in 2021 are currently Hawaii at $0.60/eGallon and California at $0.58/eGallon.

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Yet oil producers are leery about quickly ratcheting up production to meet this demand. The pandemic is still here, for one thing, plus there are major uncertainties about the situation in Ukraine. Producers do not want to get stuck with another surplus on hand. As recently as 1998, gas was just $1.06 per gallon, which equates to $1.86 when adjusted for inflation — the lowest price since 1929. During the 1970s, when there were a number of gas shortages, the highest average price for gas was $0.86 per gallon in 1979, or $3.53 when adjusted for inflation. Before 2022, the highest average gas price was $4.11 in July 2008.

Gas Prices by Month

Keep reading to learn how the cost has changed over the last 100 years. As of Tuesday morning, 28 states have average prices over $4. Only five states – South Dakota, Kansas, Missouri, Oklahoma and Arkansas – averaged less than $3.80. The fuel-savings app GasBuddy projects prices will probably average $4.25 in May and stay over $4 until November. Generally, Mondays are the cheapest, followed by Sunday, while Wednesday and Thursday are the most expensive days. Prices dropped a little in early 2022 as things started getting back to normal — until late February, when Russia invaded Ukraine.

•   Gas prices reached new highs in 2022, with fluctuations influenced by global events and oil production cuts. Get an idea of how much you’ll pay each time you charge these popular electric models. Charging at home typically costs you two to three times less than charging at a Level 3 fast-charging station. The lowest weekly national average so far this year is $3.03 (Jan. 02, 2025) a gallon — which is lower than the six-year average of $3.05 a gallon. Gas prices are up on average for the US as a whole, with the price of gas rising in 24 out of the 51 states over the last week. Some people believe that the cost of an eGallon is understated, as it does not take into account the cost of maintaining and repairing an electric vehicle.

• •   AAA has a gas price monitoring website that gets updated every day.
• The trend has generally been for prices to increase over time, with the highest average prices in 2017 and 2018.
• The national average gas price rose from $3.11 per gallon on Feb. 06, 2025, to $3.13 per gallon on Feb. 13, 2025 — an increase of $0.02 per gallon or about 1%.
• To get gas cards for your employees, first consider how often and how far your employees drive, and how many company-owned vehicles your business has.
• The fuel-savings app GasBuddy projects prices will probably average $4.25 in May and stay over $4 until November.
• The average price of gas first went over $1 a gallon in 1980, when it went from $0.86 per gallon to $1.19 per gallon.
• Stations in Los Angeles and San Francisco sell regular gas for more than $6 per gallon, some reaching nearly $7.

China built more than 80,000 miles of interprovincial highway in 2020. On the other hand, the U.S. has 47,000 miles of interstate highway. These numbers indicate that more people would drive vehicles and use gasoline, thus increasing the price of those specific areas.

At this price point, EVgo also charges a $7 monthly subscription fee. This is slightly ahead of house hold bills and groceries at 85%. This means what you’ll pay at the pump in 2025 is about $0.08 more expensive than the national six-year average. Since sweet/light crude oil is hard to access, you’ll notice its price to be high. On the other hand, sour/heavy oil is globally available, so its price is much lower than sweet/light crude oil.

Luckily, although they still remain high, they have slightly dipped in the past year. The cost for diesel is nearing the record of $4.84, also set in July 2008. The price for a gallon of diesel is $4.75, more than double what it was in October 2020. After rising dramatically following Russia’s invasion of Ukraine, the price of gas reached a record, topping a high that had stood for nearly 14 years. Low rates of gas storage in Britain and across Europe, combined with cold weather, have increased demand for gas to heat homes. Buying quality gas doesn’t mean purchasing premium, it means making sure the gas has Top Tier.

This ratio reveals how much abundance is changing over time. Citizens in some of the world’s oil-rich countries luck out, though. Iran, https://www.forex-reviews.org/ Libya and Venezuela were charging their citizens a pittance for gas — between 10 and 19 cents per gallon as of March 14, 2022. A state’s location within the U.S. also plays a huge role in determining fuel costs.