A chart with EIA data shows a continued decline in gas prices. Next to it, a chart breaks down gas prices by region, with prices dipping below $3 in the Gulf Coast region.

The Gulf Coast and Rocky Mountain regions both saw the greatest drop compared to the previous week, with an average drop of 9 cents per gallon.

Photo: EIA/Automotive Fleet

The summer gasoline price cooldown continues as we approach mid-June. The national average gasoline price has showed a downward trend over the last two weeks.

According to U.S. Energy Information Administration data, the national average gasoline price sits at $3.42 per gallon, down almost 9 cents from the previous week and 16 cents from the same time last year.

According to GasBuddy, the national average is down about 23 cents from a month ago. GasBuddy's data is compiled from more than 12 million individual price reports covering over 150,000 gas stations across the country. It differs slightly from EIA data.

“We’ve seen one of the larger weekly drops in the national average price of gasoline in some time, and what incredible timing that it comes at the beginning of the summer driving season,” GasBuddy Head of Petroleum Analysis Patrick De Haan said. “Not only have gasoline prices plummeted in nearly every state in the last week, but nearly every state has also seen prices drop compared to a month ago."

The price of diesel has fallen alongside gasoline to its lowest level since Russia’s invasion of Ukraine in early 2022, De Haan noted. Check out Work Truck to see which regions have the cheapest diesel prices.

U.S. Regional Gasoline Prices as of June 11, 2024

Regular gasoline prices across the U.S. continue to fall. According to EIA data, prices by region as of June 11 are:

  • East Coast: $3.37
  • Midwest: $3.26
  • Gulf Coast: $2.95
  • Rocky Mountain: $3.26
  • West Coast: $4.37

The Gulf Coast and Rocky Mountain regions both saw the greatest drop compared to the previous week, with an average drop of 9 cents per gallon.

Here's how the data breaks down state by state, according to AAA data as of June 11:

Rank State Regular
1 Mississippi $2.94
2 Arkansas $2.96
3 Oklahoma $2.97
4 Texas $2.98
5 Tennessee $3.01
6 Louisiana $3.02
7 Kansas $3.03
8 Missouri $3.07
9 South Carolina $3.08
10 Alabama $3.10

De Haan said he expects additional declines ahead of July 4 for both gasoline and diesel prices.

U.S. Regional Gasoline Prices as of June 5, 2024

A chart with EIA data shows a decline in gas prices. Next to it, a chart breaks down gas prices by region, with prices dipping across the board.

The Midwest saw the greatest drop over the previous week, down 11 cents per gallon, while New England saw the lowest drop at 4 cents.

Photo: EIA/Automotive Fleet

As the summer heats up, fuel prices are cooling down. Despite a brief rise to end May, the national average gasoline price is slowly declining. According to GasBuddy, the national average was down 15.9 cents from a month ago, and was 1.9 cents per gallon higher than a year ago.

EIA data shows the average price of gasoline in the U.S. at $3.51 per gallon. That's down six cents from the previous week.

Here is a breakdown of average regular unleaded gasoline prices by region, as of June 5, according to EIA data:

  • East Coast: $3.44
  • Midwest: $3.34
  • Gulf Coast: $3.04
  • Rocky Mountain: $3.36
  • West Coast: $4.48

The Midwest saw the greatest drop over the previous week, down 11 cents per gallon, while New England saw the lowest drop at 4 cents.

“The calendar has closed on May, and so too has the door closed on rising gas prices, with the national average declining to its lowest level since March. Thankfully, gas prices are unlikely to be moved by OPEC’s meeting and agreement to extend production cuts into 2025, leading the national average to fall below $3.50 in the next week,” GasBuddy Head of Petroleum Analysis Patrick De Haan said.

Gasoline prices across the Gulf Coast and Midwest make up some of the lowest in the country. Here's how the data breaks down state by state, according to AAA data as of June 5:

Rank State Regular
1 Mississippi $2.99
2 Arkansas $3.01
3 Oklahoma $3.02
4 Texas $3.04
5 Kansas $3.07
6 Louisiana $3.07
7 Tennessee $3.09
8 Missouri $3.12
9 South Carolina $3.15
10 Alabama $3.16

De Haan went on to say that GasBuddy data shows gasoline demand will continue to plummet after Memorial Day. That factor, combined with refiners' efforts to input the largest amount of oil into their facilities in years, it’s likely the drop will continue as we approach the July 4 holiday.

About the author
Christy Grimes

Christy Grimes

Senior Editor

Christy Grimes is a Senior Editor at Bobit, working on Automotive Fleet and Government Fleet publications. She has also written for School Bus Fleet.

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