Average U.S. Gas Prices See Weekly Dip Again, Fresh Multi-Year Low Reached
by: GasBuddy
Published: December 8, 2025
Prices at Chevron Station in Huntington Beach
BOSTON...The nation’s average price of gasoline has fallen 5.0 cents over the last week and stands at $2.90 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 17.6 cents from a month ago and is 7.3 cents per gallon lower than a year ago. The national average price of diesel has fallen 5.1 cents in the last week and stands at $3.671 per gallon.
“Gas prices continued to decline in most states last week, while some price-cycling states saw temporary spikes to restore margins,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “With the national average falling further, we’re now at multi-year lows heading into Christmas. Diesel prices are also easing, and in the cheapest cities, averages have dipped into the low-$2 range, with a few stations still offering gas under $2 per gallon. Barring any major disruptions, prices are likely to stay relatively low into the new year.”
OIL MARKET DYNAMICS
Over the last week, oil prices have held within a relatively tight range as competing market forces kept WTI oscillating between the upper-$58s and low-$60s per barrel. Geopolitical tensions, including recent disruptions to oil infrastructure abroad, provided some support by elevating supply concerns, but broader macroeconomic sentiment—shaped by expectations of future U.S. interest-rate cuts and lingering demand uncertainty—tempered any sustained rally. As a result, WTI posted a modest weekly gain, rising from about $58.91 a week ago to roughly $59.55 this morning, though it traded 53 cents lower early Monday. Brent followed a similar pattern, down 53 cents in early trade to $63.22, but still slightly above last Monday’s $62.80. The market continues to search for a clear catalyst while balancing short-term supply risks against softer economic signals. “With the Ukraine/Russia peace deal negotiations still ongoing, oil prices remain rangebound with the lack of large onshore oil inventory builds. This week will see the energy agencies releasing their oil market report, with likely demand upward revisions due to stronger U.S. oil demand growth,” said Giovanni Staunovo, UBS commodities analyst in an email.
OIL AND REFINED PRODUCT SUPPLIES T
he EIA’s Weekly Petroleum Status Report for the week ending on November 28, 2025, showed U.S. oil inventories rose by 0.6 million barrels and are about 3% below the seasonal average for this time of year, while the SPR rose 300,000 barrels to 427.5 million. Gasoline inventories rose by 4.5 million barrels and are about 2% below the five-year seasonal average, while distillate inventories rose by 2.1 million barrels and are about 7% below the five-year seasonal average. Refinery utilization rose 1.8 percentage points to 94.1%, while implied gasoline demand, the EIA’s proxy for retail demand, fell 400,000 bpd to 8.326 million barrels per day.
GAS PRICE TRENDS
The most common U.S. gas price encountered by motorists stood at $2.79 per gallon, down 20 cents from last week, followed by $2.89, $2.69, $2.99, and $2.59, rounding out the top five most common prices.
The median U.S. gas price is $2.79 per gallon, down 4 cents from last week and about 11 cents lower than the national average. The top 10% of stations in the country average $4.23 per gallon, while the bottom 10% average $2.25 per gallon.
The states with the lowest average prices: Oklahoma ($2.30), Colorado ($2.40), and Texas ($2.42).
The states with the highest average prices: California ($4.41), Hawaii ($4.34), and Washington ($4.04).
Biggest weekly changes: Nevada (-16.3¢), Colorado (-14.8¢), Utah (-14.6¢), Michigan (-13.0¢), Washington (-12.2¢)
DIESEL PRICE TRENDS
The most common U.S. diesel price stood at $3.59 per gallon, down 20 cents from last week, followed by $3.69, $3.49, $3.79, and $3.39, rounding out the top five most common prices.
The median U.S. diesel price is $3.59 per gallon, down 7 cents from last week and about 8 cents lower than the national average. Diesel prices at the top 10% of stations in the country average $4.48 per gallon, while the bottom 10% average $2.97 per gallon.
The states with the lowest average diesel prices: Texas ($3.10), Louisiana ($3.22), and Oklahoma ($3.23).
The states with the highest average diesel prices: Hawaii ($5.15), California ($5.03), and Washington ($4.84).
Biggest weekly changes: Colorado (-16.8¢), Utah (-12.6¢), North Dakota (-11.8¢), Florida (-10.4¢), Iowa (-10.1¢).