Gasoline Prices Fall to $2.95 Per Gallon
The national average price of a gallon of regular unleaded fell two cents to $2.95 for the week ending June 4 during a week that saw the first price decline since the middle of March, according to AAA. The decline followed a slight dip in oil consumption from a year ago.
Weekly gasoline prices fell for the first time since the middle of March.
Photo by Vince Taroc.
The national average price of a gallon of regular unleaded fell two cents to $2.95 for the week ending June 4 during a week that saw the first price decline since the middle of March, according to AAA. The decline followed a slight dip in oil consumption from a year ago.
The average price is now 13 cents more than a month ago and 57 cents more than the beginning of June 2017. For the week, fuel prices declined in many states, while prices on the West Coast and Rockies region increased.
States with the least expensive gasoline include South Carolina ($2.62), Mississippi ($2.64), Alabama ($2.65), Oklahoma ($2.66), Louisiana ($2.66), Arkansas ($2.67), Missouri ($2.69), Tennessee ($2.70), Kansas ($2.71), and Virginia ($2.74)
States where gasoline fell the most include Michigan (12 cents), Ohio (10 cents), Delaware (eight cents), Kentucky (seven cents), Florida (five cents), Maryland (five cents), Oklahoma (three cents), South Carolina (three cents), North Carolina (three cents) and Virginia (three cents).
Meanwhile, the average price of diesel fell three-tenths of a cent to $3.285 per gallon, which is 72.1 cents higher than a year ago.
Related: Gasoline Prices Flatten Out at $2.97 Per Gallon
More Fuel
June Fuel Update: Prices Fall Below $4
Drivers are finally getting some relief at the pump. The national average gas price has dropped below $4 a gallon for the first time in months, with prices falling in 47 states as oil markets react to developments in U.S.-Iran negotiations.
Read More →
Study: How 2026's Gas Price Hikes Affect Different Vehicle Types
New data from iSeeCars reveals how rising fuel costs have affected different vehicle segments as gasoline prices climbed nearly 46% over the past four months.
Read More →
Are You Tracking Your Fleet's True Total Cost of Ownership?
Bobit Business Media surveyed 190 fleet professionals and found that while most fleets are tracking costs, fragmented systems and data gaps are keeping true TCO visibility out of reach. With rising pressure to control spend in an increasingly volatile environment, the gap between what fleets think they know and what the data actually shows is wider than you might expect. See how your peers are managing costs today and where the industry still has room to improve.
Read More →
May Fuel Update: All Regions Experience Declines
Gas prices are finally easing in much of the country, but experts warn global tensions could quickly reverse the trend as the national average remains well above last month’s levels.
Read More →
April Fuel Update: Prices Climb Above $4 as Spring Surge Accelerates
National average jumps to $4.04 per gallon, up sharply from last year, with West Coast prices topping $5 and further increases expected amid rising oil tensions.
Read More →
Tips from Fleet Managers on Saving Fuel Costs
Fleet leaders share practical strategies to reduce fuel spend through smarter policy, routing, and driver guidance.
Read More →
March Fuel Update: Prices Settle With a $4 Average
Fuel prices significantly slowed this week, but a $4 national average is still expected.
Read More →
Bob Adamsky on Fuel Volatility: “Don’t Panic — Have a Plan”
With oil prices rising again, AWP Safety’s fleet manager shares how to respond to rising fuel costs and how the right strategy can turn fuel spikes into cost-saving opportunities.
Read More →
Oil Market Turbulence Is Complicating Fleet Cost Planning
Rapid swings in crude oil prices driven by the conflict in the Middle East could create longer-term cost pressures for fleets, affecting fuel prices, supply chains, and vehicle strategy, says NTEA’s Andrew Wrobel.
Read More →
February Fuel Update: Prices Inch Higher for Third Week in a Row
The final February fuel update reveals prices continuing to inch higher for the third week in a row.
Read More →