Price Reduction at Pump Expected to Continue Next Few Weeks
WASHINGTON, D.C. --- The average U.S. retail price for regular gasoline has dropped 31 cents per gallon over the past four weeks, from $3.04 per gallon to $2.73 per gallon as of September 4, the Energy Department's Energy Information Administration (EIA) reported.
WASHINGTON, D.C. --- The average U.S. retail price for regular gasoline has dropped 31 cents per gallon over the past four weeks, from $3.04 per gallon to $2.73 per gallon as of September 4, the Energy Department's Energy Information Administration (EIA) reported. Several states already have average gasoline prices below $2.50 per gallon, and Gasbuddy.com indicates that some retail stations in Ohio are now selling regular gasoline for under $2.20 per gallon. "Based on spot prices of gasoline, it looks like the retail drop will likely continue, at least for the next few weeks, in most regions of the country," the EIA reported in its weekly report. "But how much further they drop, and for how long, will be determined by many factors yet to play out. While the price for West Texas Intermediate crude oil has recently dropped below $68 per barrel, future price developments are highly uncertain." Many of the factors that prompted crude oil prices to reach $70 per barrel (lack of spare production capacity, strong global demand growth, concerns about supply disruptions) remain, the EIA pointed out. Other factors, such as worry over oil infrastructure damage from hurricanes, have been pushed aside, at least temporarily. "While consumers can expect that retail gasoline prices will continue to drop over the near-term, prices will rise again somewhere further down the track if the recent roller coaster pattern of gasoline prices continues," the EIA reported.
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 →