Every penny counts in fleet management. The ever-fluctuating fuel cost unquestionably impacts the balance of costs and efficiency.

Fuel prices can make or break a fleet's budget, and as a fleet manager, being aware of these fluctuations is essential.

January 2024 Gasoline Price Updates

So, where's the cheapest gas as of January 2024?

• Wyoming has the cheapest gasoline prices in the U.S., where the average cost is $2.63 per gallon. However, the state ranks 15th in diesel prices at $3.64. Oklahoma leads in least expensive diesel prices at $3.38 per gallon.

• Utah has the second-cheapest gas, with the average cost hitting $3.54 per gallon. 

• Coming in third place is Missouri, with gas prices at $2.645 per gallon. 

Further Findings

• Hawaii has the most expensive gas prices, with an average cost of $4.66 per gallon of gas.

• Oklahoma, Missouri, Colorado, Texas, and Montana had the top five least expensive diesel prices.

A news report by the AAA on Jan. 25 highlighted new data from the Energy Information Administration (EIA).

The data showed gas demand dipped from 8.27 to 7.89 million b/d in the last week. The national average of $3.10 is two cents less than a month ago and 38 cents less than a year ago.