The U.S. Vitality Info Administration’s (EIA) newest gasoline gas replace, which was launched this week, confirmed a declining pattern for the U.S. common gasoline worth.
In response to the replace, the U.S. common gasoline worth averaged $3.124 per gallon on October 6, $3.061 per gallon on October 13, and $3.019 per gallon on October 20. The October 20 worth was down $0.042 from the week in the past worth and down $0.125 from the 12 months in the past worth, the replace highlighted.
Of the 5 Petroleum Administration for Protection District (PADD) areas highlighted within the EIA’s newest gas replace, the West Coast was proven to have the very best U.S. common gasoline worth as of October 20, at $4.166 per gallon. The Gulf Coast was proven within the replace to have the bottom U.S. common gasoline worth as of October 20, at $2.556 per gallon.
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A glossary part of the EIA web site notes that the 50 U.S. states and the District of Columbia are divided into 5 districts, with PADD 1 additional cut up into three subdistricts. PADDs 6 and seven embody U.S. territories, the location provides.
A weblog posted on the GasBuddy web site on October 20 said that, in accordance with GasBuddy, the nationwide common worth of gasoline within the U.S. fell beneath $3 per gallon on Sunday for the primary time since December 29, 2024.
“Seasonal elements might push costs even decrease within the coming weeks,” the weblog mentioned.
“GasBuddy forecasts the nationwide common might dip into the $2.80s by 12 months’s finish as gasoline demand eases, and oil costs stay close to multi-year lows,” it added.
“The latest decline stems largely from OPEC’s resolution earlier this 12 months to extend oil manufacturing – marking a shift from its 2023 technique of slicing output to prop up costs. Since March 2025, OPEC+ has steadily raised manufacturing, fueling expectations of a possible crude glut,” it continued.
“Some funding banks now warn oil might fall into the $40 per barrel vary as early as 2026. Mixed with falling seasonal demand and the swap to cheaper winter gasoline, pump costs have dropped sharply, together with a $1.99 per gallon money worth reported to GasBuddy at a station in Evans, Colorado,” the GasBuddy weblog continued.
On this weblog, Patrick De Haan, Head of Petroleum Evaluation at GasBuddy, mentioned, “we noticed a number of $2.99 days final 12 months, however this 12 months brings the strongest potential for prolonged sub-$3 costs since 2021”.
“This drop is overwhelmingly being pushed by the numerous improve in oil manufacturing from OPEC all through 2025, which has meaningfully rebalanced the worldwide oil market,” he added.
“That, mixed with weaker demand and inflation lastly easing, has created the proper surroundings for decrease costs,” he continued.
GasBuddy’s stay ticking common for normal gasoline within the U.S. was $3.073 per gallon as of 6.35am EST on October 24. The determine was 0.2 cents down from yesterday’s common, 3.6 cents up from final week’s common, 8.4 cents down from final month’s common, and 6.0 cents down from final 12 months’s common, GasBuddy’s web site highlighted.
In response to the AAA Gas Costs web site, the common worth of standard gasoline within the U.S. is $3.068 per gallon, as of October 24. Yesterday’s common was $3.071 per gallon, the week in the past common was $3.051 per gallon, the month in the past common was $3.163 per gallon, and the 12 months in the past common was $3.150 per gallon, the location confirmed.
The very best recorded common worth of standard gasoline within the U.S. was seen on June 14, 2022, at $5.016 per gallon, the AAA Gas Costs web site outlined.
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