July 23 Report: Retail Gasoline Price Drops Nearly 5 Cents
WASHINGTON, D.C. --- The U.S. average retail price for regular gasoline dropped 4.9 cents to $4.064 per gallon last week, the Energy Information Administration (EIA) reported July 23.
WASHINGTON, D.C. --- The U.S. average retail price for regular gasoline dropped 4.9 cents to $4.064 per gallon last week, the Energy Information Administration (EIA) reported July 23.
This marked the second week in a row that the U.S. average price did not increase. Prices dropped in all regions except the Rocky Mountains.
On the East Coast, the price dropped 2.7 cents to $4.044 per gallon. The price dropped the most in the Midwest, going down 8.5 cents to $3.981 per gallon. This was the first time since June 23 the Midwest price slipped below $4.00 per gallon.
Decreasing 2.9 cents, the Gulf Coast price remained the lowest of any region at $3.942 per gallon. The price in the Rocky Mountain region moved up eight-tenths of a cent to $4.105 per gallon.
The West Coast price slipped 5.2 cents to $4.363 per gallon. The average in California also went down, dropping 6 cents to $4.46 per gallon, still $1.342 higher than the price a year ago, the EIA said.
For more up-to-date prices, check the EIA price chart released July 28 --- it's featured in the current issue of Fuel News.
More Fuel
October Fuel Trends Show Diverging Gasoline and Diesel Prices
Get the latest fuel trends from October.
Read More →
Fuel Prices Surge in September | September Fuel Update
September brought major fuel price swings, including diesel crossing $6 a gallon. Here’s how gas and diesel prices changed throughout the month, and where they stood heading into October.
Read More →
Turning Fleet Payment Data into Executive Insights
Ramel Lindsay of U.S. Bank Voyager discusses how fleets can transform payment and transaction data into actionable intelligence to reduce costs, improve oversight, and support executive decision-making.
Read More →
Why the IRS Raised Its Mileage Rate in the Middle of 2026
Fuel-price volatility drove the rare increase to 76 cents per mile, the fifth midyear adjustment since 2000.
Read More →
July Fuel Update: Prices Keep Rising in Light of More Conflict
Gas prices continue to rise as more and more conflicts do, too.
Read More →
Bob Adamsky on Fuel Volatility: "Don't Panic, Have a Plan."
When it comes to up and down fuel prices, Adamsky has a message for fleets: “Don’t panic.”
Read More →
How Fleets Can Gain Control of Non-Fuel Spend
Fuel often gets the spotlight, but non-fuel expenses can have a major impact on fleet costs. Ramel Lindsay of U.S. Bank Voyager discusses how fleets can gain better visibility and control over these often-overlooked expenditures.
Read More →
Fuel is Just the Start: How Middle East Tensions are Driving Up Fleet Maintenance Costs
The Middle East conflict is doing more than pushing up fuel prices. It’s also raising the cost of key maintenance products your fleet depends on, from motor oil to tires to windshield wipers. Here’s what you need to know about this budget-busting situation.
Read More →
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 →