CHEYENNE, Wyo. — The average price for a gallon of regular gasoline rose in Laramie County as the national average fell for the seventh straight week.
The nation’s average price fell 0.6 cents compared to a week ago and stands at $3 per gallon today, the lowest level since May 2021, according to GasBuddy data compiled from more than 12 million individual price reports. The national average is down 7.7 cents from a month ago and 23.2 cents from a year ago.
The national average price of diesel has risen 1.1 cents in the last week to stand at $3.514 per gallon.
“Millions took to the road for Thanksgiving, and while some regions, like the Great Lakes, saw gas prices rise just in time for travel, most of the nation saw prices hold mostly stable or decline slightly as the national average remains near the lowest level we’ve seen since 2021,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “The weeks ahead should feature slight drops in gas prices in most areas, with over 100,000 stations now offering a gallon for $2.99 or less, which should stick around through the holiday shopping season.
“While the potential impacts from tariffs are something to watch, they would have no effect until late January, if implemented at all. For this week, all eyes will be on the previously delayed OPEC+ meeting on Thursday. If they begin to restore oil production, oil prices could soften to the mid-$60s.”
On Monday, AAA reported the national average price for a gallon of regular gasoline at $3.04 per gallon, down 1 cent from last week. Wyoming’s average is $2.98, down 2 cents from last week. Laramie County’s average of $2.96 places it among the middle of the state’s average gas prices.
Albany County has the cheapest average at $2.73 after falling 10 cents from last week, followed by Natrona County’s average of $2.78, down 2 cents, according to AAA. Uinta County has the third cheapest at $2.83 per gallon.
The cheapest fuel in Laramie County today is $2.58 at Walmart, 580 Livingston Ave., followed by $2.64 at Sam’s Club, 1948 Dell Range Blvd., according to GasBuddy’s report.
Also included in GasBuddy’s report:
OIL PRICES
As the energy market awaits the OPEC+ meeting later this week, oil prices have continued to soul-search in the $60s over the last week, caught between tensions with Russia and Ukraine, a peace deal in the Middle East, an economic slowdown in China, and beyond. In early Monday trade, a barrel of WTI crude oil was up $1.01 per barrel to $69.01, down from last Monday’s $71.18 per barrel level. Brent crude oil was also in the black early on, up 91 cents to $72.75 per barrel, down from $75.14 per barrel last Monday. OPEC members will likely mull over extending their production cuts for yet another month, though one must see a partial opening for additional oil if President-elect Donald Trump cranks up sanctions on Iran, and potentially Venezuela and tariffs Canadian crude.
OIL AND REFINED PRODUCTS
Last week’s report from the EIA showed a 1.8 million barrel drop in U.S. crude oil inventories, which are 5% below the five-year seasonal average, while the SPR tacked on 1.2 million barrels. Domestic crude oil production bounced back, rising 292,000 bpd to 13.49 million, while gasoline inventories rose 3.3 million barrels and distillate inventories rose 400,000 barrels. Refinery utilization rose 0.3 percentage points to 90.5 percent, while exports rose to 11.32 million barrels per day.
GAS PRICE TRENDSThe most common U.S. gas price encountered by motorists stood at $2.99 per gallon, unchanged from last week, followed by $2.89, $2.79, $3.09, and $2.69 rounding out the top five most common prices.
The median U.S. gas price is $2.93 per gallon, up 4 cents from last week and about 7 cents lower than the national average.
The top 10% of stations in the country average $4.16 per gallon, while the bottom 10% average $2.40 per gallon.
The states with the lowest average prices: Oklahoma ($2.39), Texas ($2.52), Mississippi ($2.56).
The states with the highest average prices: Hawaii ($4.46), California ($4.34), and Washington ($3.92).
Biggest weekly changes: Ohio (+12.3¢), New Mexico (-9.7¢), Indiana (+9.2¢), Texas (-7.6¢), Iowa (-7.5¢)
DIESEL PRICE TRENDS
The most common U.S. diesel price stood at $3.49 per gallon, unchanged from last week, followed by $3.39, $3.29, $3.69, and $3.59 rounding out the top five most common prices.
The median U.S. diesel price is $3.43 per gallon, up 2 cents from last week and about 8 cents lower than the national average for diesel.
Diesel prices at the top 10% of stations in the country average $4.33 per gallon, while the bottom 10% average $2.91 per gallon.
The states with the lowest average diesel prices: Oklahoma ($2.96), Texas ($3.10), and Mississippi ($3.08).
The states with the highest average diesel prices: Hawaii ($5.29), California ($4.81), and Washington ($4.30).
Biggest weekly changes: Texas (+9.3¢), Ohio (+9.1¢), Indiana (+8.8¢), South Dakota (+8.6¢), Delaware (-5.7¢). GasBuddy
