Over the last week, prices rose only in the Rocky Mountain and West Coast regions. The Gulf Coast saw the greatest drop in prices, dipping 5 cents.
Photo: EIA/Automotive Fleet
To start off September, prices at the pump are down in multiple regions for the fifth straight week. The national average price of gasoline dropped about 3 cents in the last week to $3.28, according to U.S. Energy Information Administration (EIA) data. Prices year-over-year are down 51 cents.
The decline is a byproduct of seasonal trends as we transition from summer to fall, according to Patrick De Haan, head of petroleum analysis at GasBuddy. A continued drop could also be due to the changeover to cheaper winter gasoline only two weeks away.
“As long as we don’t see a major hurricane head into the Gulf and the situation improves in the Middle East, the national average could fall below $3 in the next two months,” De Haan said.
Diesel prices fell again this week but may rise with winter growing closer. Check out Work Truck to see which region has the lowest prices.
U.S. Regional Gasoline Prices as of September 2, 2024
Here’s a look at prices by region according to EIA data, as of Sept. 2:
- East Coast: $3.23
- Midwest: $3.17
- Gulf Coast: $2.84
- Rocky Mountain: $3.40
- West Coast: $4.10
Over the last week, prices rose in the Rocky Mountain and West Coast regions. The Gulf Coast saw the greatest drop in prices, dipping 5 cents.
Here’s a list of the 10 lowest average prices per gallon, according to AAA data as of Sept. 2:
| Rank | State | Regular |
|---|---|---|
| 1 | Mississippi | $2.84 |
| 2 | Oklahoma | $2.89 |
| 3 | Tennessee | $2.89 |
| 4 | Texas | $2.90 |
| 5 | Alabama | $2.91 |
| 6 | Louisiana | $2.92 |
| 7 | South Carolina | $2.94 |
| 8 | Arkansas | $2.96 |
| 9 | Missouri | $2.99 |
| 10 | Kansas | $3.02 |
Mississippi maintains the cheapest price for a gallon of gas. The gap between states falling under $3 per gallon continues to close, with a 3-cent difference between Missouri ($2.99) and Kansas ($3.02).
