National Average Price of Gasoline Steady as Oil Prices Hold at $62
by: GasBuddy
Published: April 28, 2025
BOSTON...The nation’s average price of gasoline is unchanged from last week and stands at $3.10 per gallon, 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 is down 3.8 cents from a month ago and is 52.6 cents per gallon lower than a year ago. The national average price of diesel has decreased 2.0 cents in the last week and stands at $3.499 per gallon.
“Average gasoline prices in the U.S. have been volatile over the past week, with roughly half of the 50 states seeing prices decline while the other half experienced increases,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “Oil prices, which had fallen into the $50 per barrel range at the height of Trump’s trade war, have since rallied and are now holding in the low $60s, leading to rising gas prices in some states. For now, I expect the national average to bounce around in the $3.10 to $3.20 per gallon range over the coming week, with a continued mixed bag for consumers — about half of the states may see prices inch lower, while the other half could experience increases. We’ll be watching for any market developments, but for now, the market appears to be in a holding pattern.”
OIL PRICES
With many top headlines having a distinct impact on the price of oil, including a potential U.S. nuclear deal with Iran, a potential ceasefire between Russia and Ukraine, Trump’s trade agenda, and OPEC raising oil production, oil prices have held in the low $60s over the last week, above the mid-$50s seen in early April after tariffs were implemented, but rallying as Trump moved to pause most tariffs. In early Monday trade, a barrel of WTI crude oil was down 21 cents to $62.81 per barrel, down slightly from last Monday’s $63.04 per barrel start. Brent crude was also down 21 cents to $66.66 per barrel in early trade, up from last week’s $66.40 per barrel trade. With many factors potentially offsetting oil’s direction, oil prices may be relegated to hold in the low $60s for the week ahead.
OIL AND REFINED PRODUCTS
The EIA’s Weekly Petroleum Status Report for the week ending April 18, 2025, showed U.S. oil inventories rose by 0.2 million barrels, about 5% below the seasonal average for this time of year, while the SPR rose 500,000 barrels to 397.5 million. Gasoline inventories fell by 4.5 million barrels and stand 3% below the five-year seasonal average, while distillate inventories fell 2.4 million barrels and are about 13% below the five-year seasonal average. Refinery utilization rose 1.8 percentage points to 88.1%, while implied gasoline demand, EIA’s proxy for retail demand, rose 951,000 bpd to 9.414 million barrels per day.
GAS PRICE TRENDS
The most common U.S. gas price encountered by motorists stood at $2.99 per gallon, unchanged from last week, followed by $2.89, $2.79, $3.09, and $2.69, rounding out the top five most common prices.
The median U.S. gas price is $2.96 per gallon, unchanged from last week and about 14 cents lower than the national average. The top 10% of stations in the country average $4.50 per gallon, while the bottom 10% average $2.54 per gallon.
The states with the lowest average prices: Oklahoma ($2.63), Mississippi ($2.64), and Texas ($2.69).
The states with the highest average prices: California ($4.73), Hawaii ($4.44), and Washington ($4.21).
Biggest weekly changes: Ohio (-9.6¢), Michigan (-8.8¢), Idaho (-6.6¢), Maryland (-5.9¢), Utah (-5.8¢)
DIESEL PRICE TRENDS
The most common U.S. diesel price stood at $3.39 per gallon, 10 cents lower than last week, followed by $3.49, $3.59, $3.29, and $3.19, rounding out the top five most common prices.
The median U.S. diesel price is $3.39 per gallon, down 5 cents from last week and about 11 cents lower than the national average. Diesel prices at the top 10% of stations in the country average $4.55 per gallon, while the bottom 10% average $2.87 per gallon.
The states with the lowest average diesel prices: Texas ($3.01), Louisiana ($3.09), and Mississippi ($3.13).
The states with the highest average diesel prices: Hawaii ($5.26), California ($4.91), and Washington ($4.38).
Biggest weekly changes: Florida (-6.8¢), Hawaii (-5.8¢), Utah (-4.3¢), Oklahoma (+4.0¢), Alaska (-3.9¢).