Gas Prices Drop for 48th Straight Day


The average price of a gallon of gasoline nationwide fell for the 48th straight day after hitting a record high of $5.016 in June, to $4.212 a gallon on Monday, August 1, 2022, according to the figures of the American Automobile. Association (AAA).

There was a 14-cent decrease in the price of regular gasoline on Monday from last week’s gas prices of $4.355, and more than 60 cents from a month ago. Around this time last month, the average price of a gallon of gas was $4.842. Last year a gallon of gas was $3.173.



Gas prices decrease an average of 10 cents a week

For 48 consecutive days, gas prices have consistently dropped by an average of 10 cents, providing some relief at the pump for consumers. This week, gas prices ranged from a high of $5.611 to a low of $3.724.

California continues to experience the highest gas prices in the nation, with an average gas price of $5.611 a gallon at the pump. Despite the high price, it’s an improvement from last week’s $5.732 per gallon and even June’s $6.438 per gallon. California counties continue to show the most expensive gas prices with Trinity, Modoc, Mono, Alpine and Inyo counties selling gas above $6 a gallon.

Higher gas prices

state regular Middle grade Premium diesel
California 5,606 5,808 5,954 6.44
Hawaii 5,442 5.66 5,894 6,068
Alaska 5,093 5,279 5,485 5,738
snowfall 5,079 5,336 5,529 5,375
Oregon 5.07 5,278 5,479 6,014

Like California, the states of Hawaii, Alaska, Oregon, Nevada and Washington continue to see average gas prices above $5, but have also seen the average price of a gallon of gas drop 10 cents.

States with the least expensive gas prices nationwide include Texas, South Carolina, Georgia, Mississippi, Tennessee and Arkansas. These states saw a gallon of regular gas for less than $3.80.

Lower gas prices

state regular Middle grade Premium diesel
Texas 3.71 4,077 4,406 4,741
South Carolina 3,736 4,118 4,461 4,902
Georgia 3,761 4,154 4,516 4,994
oklahoma 3,773 4.133 4,364 4,771
Arkansas 3,774 4,162 4,474 4.93

States like Kansas, Colorado, Ohio, Nebraska, Indiana, Iowa and Michigan have seen gas prices drop more than 20 cents since last week. While Vermont, Connecticut and Massachusetts saw modest decreases with gas prices at the pump dropping 5 cents or less.

Prices may rise as demand increases

Despite the encouraging drop in the national average price of a gallon of regular gasoline, renewed demand for gas could push gas prices higher or slow their decline.

Gas price trends

regular Middle grade Premium diesel E85
current average 4,212 4,651 4,952 5,279 3,468
yesterday average 4.22 4,667 4,966 5,291 3,479
A week ago Wed. 4,355 4,806 5.103 5,412 3,664
About a month ago 4,842 5,264 5,559 5.76 4,093
Year ago Avg 3,173 3,522 3,795 3,284 2,657

According to data from the Energy Information Administration (EIA), gas demand rose from 8.52 million barrels per day to 9.25 million barrels per day last week. The increase in demand could add further pressure on pump prices and slow down price declines if the trend continues. In addition, domestic gasoline stocks are also declining, indicating a further tightening of supplies.

State gas prices August 1, 2022

state regular Middle grade Premium diesel
Alaska 5,093 5,279 5,485 5,738
Alabama 3,789 4,196 4,557 4,997
Arkansas 3,774 4,162 4,474 4.93
Arizona 4,497 4,793 5,058 5,291
California 5,606 5,808 5,954 6.44
Colorado 4.4 4,755 5,051 5,147
Connecticut 4,343 4,837 5.209 5,485
District of Columbia 4,533 5.1 5,429 5,652
Delaware 4.09 4,549 4,825 5.121
Florida 3,919 4,344 4,669 5.138
Georgia 3,761 4,154 4,516 4,994
Hawaii 5,442 5.66 5,894 6,068
Iowa 3,867 4.1 4,577 4,932
Idaho 4,906 5,148 5.35 5,497
Illinois 4,633 5.115 5,485 5,429
Indiana 4,163 4,582 4,917 5,555
Kansas 3,836 4.12 4,421 4,875
Kentucky 3.83 4,251 4,588 5,173
Louisiana 3.82 4.202 4,557 4,881
Massachusetts 4,472 4,958 5.25 5,565
Maryland 4,183 4,671 4,947 5,197
Maine 4,574 4,966 5,282 5,574
Michigan 4.221 4,677 5,025 5,545
Minnesota 4,152 4,522 4,874 5,244
Missouri 3,847 4.181 4,488 4,882
mississippi 3,779 4,153 4,493 4,883
montana 4,431 4.71 5,007 5,217
North Carolina 3,893 4,283 4,639 5,166
North Dakota 4.135 4,457 4,848 5,047
Nebraska 4.01 4,184 4,691 4,926
New Hampshire 4,342 4,794 5,119 5,547
New Jersey 4,392 4,933 5,179 5,388
New Mexico 3,991 4,317 4,586 5,042
snowfall 5,079 5,336 5,529 5,375
New York 4,516 4,939 5.27 5,713
Ohio 3,938 4,359 4,706 5,523
oklahoma 3,773 4.133 4,364 4,771
Oregon 5.07 5,278 5,479 6,014
pennsylvania 4,468 4,846 5.114 5,624
Rhode Island 4,416 4,935 5,249 5,563
South Carolina 3,736 4,118 4,461 4,902
South Dakota 4,177 4,402 4,899 5,053
Tennessee 3,781 4.15 4,514 4,987
Texas 3.71 4,077 4,406 4,741
Utah 4,817 5,037 5,236 5.2
virginia 3,992 4,432 4,757 5.181
Vermont 4,493 4,983 5,386 5,288
Washington 5,013 5,237 5,428 5,977
Wisconsin 3,893 4,323 4.72 4,987
West Virginia 4,319 4,627 4.87 5,546
Wyoming 4.41 4,639 4,867 5,288

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