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.

Faith Howell・Associate Editor

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June 23, 2026

Infographic showing U.S. average gasoline prices through June 2026, with prices falling after a May peak. Regional chart shows the West Coast with the highest fuel prices among major U.S. regions. — Gasoline prices continue to ease across much of the country, with the national average slipping below $4 per gallon as lower oil prices and hopes for a U.S.-Iran agreement help drive down costs at the pump.
Credit:
Automotive Fleet / EIA

4 min to read

The national average gas price has fallen below $4 a gallon for the first time in months.
Price reductions have been observed in 47 states, offering widespread relief to drivers.
Oil market changes linked to U.S.-Iran negotiations are influencing the drop in gas prices.

*Summarized by AI

U.S Regional Gasoline Prices as of June 22, 2026

According to GasBuddy data compiled from more than 12 million individual price reports covering over 150,000 gas stations across the country, the national average for fuel has fallen 14.1 cents over the last week and stands at $3.85 per gallon.

This is down 67.2 cents per gallon from a month ago and 67.3 cents higher per gallon higher than a year ago.

“Average gasoline prices declined in nearly every state over the last week, while all 50 states saw average diesel prices move lower,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “However, the outlook is far from settled. New uncertainty has emerged after Iran suggested the Strait of Hormuz was closed, along with fresh warnings that the U.S. could again strike Iran, developments that could push oil prices higher in the days ahead. Despite this, gasoline prices aren’t yet at significant risk of a spike, as some vessels have continued to move through the Strait. Still, should the situation worsen or escalate further, motorists could see that risk change quickly.”

Here’s a look at prices by region according to EIA data, as of June 22:

East Coast: $3.78
Midwest: $3.72
Gulf Coast: $3.43
Rocky Mountain: $3.85
West Coast: $5.06

Here are the top 10 cheapest states to buy gas, according to AAA data:

State	Regular
Indiana	$3.32
Texas	$3.39
Oklahoma	$3.43
Tennessee	$3.49
Louisiana	$3.51
South Carolina	$3.51
Mississippi	$3.53
Alabama	$3.53
North Carolina	$3.53
Arkansas	$3.54

All regions saw an increase in prices this week.

U.S Regional Gasoline Prices as of June 15, 2026

Infographic showing U.S. regular gasoline prices through June 15, 2026. National prices declined after a May peak, while the West Coast remained the highest-priced region for fuel. — Gasoline prices continued to retreat in mid-June 2026 following a sharp spring surge, though motorists on the West Coast still faced significantly higher pump prices than drivers in other regions.
Credit:
Automotive Fleet / EIA

According to GasBuddy data compiled from more than 12 million individual price reports covering over 150,000 gas stations across the country, the national average for fuel has fallen 9.3 cents over the last week and stands at $3.99 per gallon.

This is down 52.4 cents per gallon from a month ago and 91 cents higher per gallon higher than a year ago.

“Average gasoline prices fell in 47 states over the last week, with the national average dropping below $4 per gallon late Sunday for the first time since mid-April,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “The decline came as oil prices moved sharply lower in reaction to news of a potential deal between the United States and Iran, though it remains to be seen whether the agreement will hold. A handful of price-cycling states saw averages jump before joining the broader downward trend. The real test now shifts to the Strait of Hormuz, where any reopening and resumption of normal oil flows would be the clearest signal that this relief is durable. For now, the national average could continue falling, provided there isn’t a drastic reversal, and the U.S. and Iran continue moving in a positive direction.”

Here’s a look at prices by region according to EIA data, as of June 15:

East Coast: $3.91
Midwest: $3.86
Gulf Coast: $3.52
Rocky Mountain: $4.10
West Coast: $5.23

Here are the top 10 cheapest states to buy gas, according to AAA data:

	State	Regular
1	Indiana	$3.36
2	Texas	$3.50
3	Oklahoma	$3.53
4	Tennessee	$3.59
5	Kentucky	$3.62
6	Louisiana	$3.63
7	South Carolina	$3.64
8	Mississippi	$3.65
9	North Carolina	$3.66
10	Arkansas	$3.66

All regions saw a decrease in prices this week.

U.S Regional Gasoline Prices as of June 8, 2026

Graphic showing U.S. average gas prices rising to $4.42 per gallon in May 2026, with regional breakdowns highlighting highest prices on the West Coast at $5.58. — Gas prices are trending lower nationwide, with the average cost of fuel dropping nearly 18 cents in a week as falling oil prices and increased refinery output provide relief for drivers despite ongoing global supply concerns.
Credit:
Automotive Fleet / EIA

According to GasBuddy data compiled from more than 12 million individual price reports covering over 150,000 gas stations across the country, the national average for fuel has fallen 17.9 cents over the last week and stands at $4.09 per gallon.

This is down 45.2 cents per gallon from a month ago and $1.02 per gallon higher than a year ago.

“Average gasoline prices declined in virtually every state over the last week as oil prices continued to fall, with crude approaching $90 per barrel and refiners ramping up output following seasonal maintenance,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “The combination of lower oil costs and improving refinery runs has kept downward pressure on pump prices, giving motorists a welcome reprieve. However, the future of prices remains murky. With the Strait of Hormuz remaining effectively closed, global oil supplies continue to tighten, and any further deterioration in the situation could send prices sharply higher. For now, motorists may enjoy the savings at the pump, but the risk of a significant reversal has not gone away.”

Here’s a look at prices by region according to EIA data, as of June 8:

East Coast: $3.99
Midwest: $3.95
Gulf Coast: $3.64
Rocky Mountain: $4.19
West Coast: $5.36

Here are the top 10 cheapest states to buy gas, according to AAA data:

	State	Regular
1	Indiana	$3.39
2	Texas	$3.61
3	Oklahoma	$3.64
4	Tennessee	$3.71
5	Louisiana	$3.71
6	Kentucky	$3.72
7	South Carolina	$3.73
8	Mississippi	$3.73
9	Alabama	$3.76
10	Arkansas	$3.77

All regions saw a decrease in prices this week.

Topics:fuel prices fuel costs fuel management gas prices summer fuel prices Fuel

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