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US Gasoline Prices Down 4.2 cents/gal on Week: GasBuddy

OIL PRODUCTS

US gasoline pump prices are averaging $3.08/gal Jan. 04, according to GasBuddy, a fall of 4.2 cents/gal on last week’s average.

  • Prices are down 19.3 cents/gal from the average across 2023 of $3.273/gal.
  • The state with the largest fall on the week was Ohio, were prices slid by 14.1 cents/gal to $2.694/gal.
  • Nevada saw the largest increase, up 4.3 cents/gal on the week to $3.929/gal.
  • California remains the state with the most expensive gasoline at $4.7/gal, while Oklahoma is the cheapest at $2.546/gal.
  • Gasoline inventories in the US saw their highest weekly rise in over 30 years, up 10.9m bbl to 237m bbl, according to EIA data.

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