The Gulf Coast saw the greatest decline over the last week, decreasing about 7 cents.
Photo: EIA/Automotive Fleet
The start of March sees a continued dip in gas prices, but the potential for consistency in the future remains uncertain. The national average cost of gas currently stands at $3.07, according to U.S. Energy Information Administration (EIA) data. Prices year-over-year are down by 27 cents.
With all regions experiencing a decline, geopolitical tensions and impending tariffs raise concerns about what motorists and fleets may pay at the pump in the coming weeks.
“Given the volatility surrounding the tariff situation, forecasting fuel prices remains challenging, as uncertainty lingers over the timing and scope of these tariffs, which the Trump administration has suggested will soon take effect,” GasBuddy Head of Petroleum Analysis Patrick De Haan said.
“This comes on top of ongoing concerns about the Russian invasion of Ukraine and discussions of a potential deal to end the war. While OPEC has signaled its intent to stabilize the market, policy decisions from the White House could introduce further uncertainty, making it difficult to predict where prices will head next,” De Haan continued.
However, annual seasonal increases are expected to raise prices ahead of summer.
See how diesel prices are changing per region on Work Truck.
U.S. Regional Gasoline Prices as of Mar. 3, 2025
Here’s a look at prices by region according to EIA data, as of Mar. 3:
- East Coast: $2.97
- Midwest: $2.88
- Gulf Coast: $2.63
- Rocky Mountain: $2.96
- West Coast: $4.14
All regions experienced a decline this week, with the Gulf Coast showing the most significant change of almost 7 cents.
Here’s a look at the top 10 cheapest states to buy gas, according to AAA data:
| Rank | State | Regular |
|---|---|---|
| 1 | Mississippi | $2.65 |
| 2 | Texas | $2.69 |
| 3 | Kentucky | $2.70 |
| 4 | South Carolina | $2.70 |
| 5 | Oklahoma | $2.71 |
| 6 | Louisiana | $2.73 |
| 7 | Tennessee | $2.74 |
| 8 | Alabama | $2.75 |
| 9 | North Carolina | $2.76 |
| 10 | Arkansas | $2.76 |
Although no new states have claimed a spot on the list this week, South Carolina jumped from tenth to fourth place due to prices declining 12 cents.
Currently, 29 states have a $2.99 or lower average for a gallon of gas, an increase of 6 states compared to last week.
