Increasing U.S. gasoline inventories are reducing gasoline prices ›

Weekly U.S. average gasoline prices have declined 19 cents per gallon (gal) since the 2024 high on April 22, falling to $3.48/gal on July 1, five cents/gal less than the price a year ago. Increasing gasoline inventories, relatively weak demand, and oil prices below recent peaks are all contributing to falling gasoline prices. More ›

Data source: U.S. Energy Information Administration, Gasoline and Diesel Fuel Update