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Home Market Research Markets

Which States Have the Cheapest Gas as National Average Nears $5?

by TheAdviserMagazine
3 weeks ago
in Markets
Reading Time: 2 mins read
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Which States Have the Cheapest Gas as National Average Nears ?
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Only nine states have gas prices at or below $4 per gallon Tuesday, May 5, as the national average pump price nears $5 per gallon.

The average price of gas rose to $4.48 per gallon on May 5, up from an average of $4.17 one week ago on April 28, according to the AAA auto club.

Patrick De Haan, head of petroleum analysis at GasBuddy, said in an X post that drivers in the Midwest may see some temporary relief in the coming days, but that overall drivers will continue to feel pain at the pump as long as hostilities stemming from the U.S.-Iran war continue.

“If you’re in MI, IN, OH, IL, WI gas prices have been inching back down and that could continue now for a week or more, also the Canadian Prairies (SK, MB, AB) will see drops alongside the Great Lakes in the days ahead,” De Haan wrote.

States With the Cheapest Gas Prices

Oklahoma has the cheapest gas prices in the United States, with drivers there paying an average of $3.89 on May 5, according to AAA — up from $3.50 per gallon one week ago.

Here are the 10 states with the least expensive gas prices in the nation:

1. Oklahoma

Average gas price on May 5: $3.89
Average gas price on April 29: $3.57
Difference: 32 cents

2. Georgia

Average gas price on May 5: $3.91
Average gas price on April 28: $3.65
Difference: 26 cents

3. Mississippi

Average gas price on May 4: $3.92
Average gas price on April 27: $3.71
Difference: 21 cents

4. Louisiana

Average gas price on May 4: $3.92
Average gas price on April 27: $3.73
Difference: 19 cents

5. Arkansas

Average gas price on May 4: $3.95
Average gas price on April 27: $3.68
Difference: 27 cents

6. Nebraska

Average gas price on May 4: $3.97
Average gas price on April 27: $3.87
Difference: 20 cents

7. Texas

Average gas price on May 4: $3.98
Average gas price on April 27: $3.72
Difference: 26 cents

8. Kansas

Average gas price on May 4: $3.98
Average gas price on April 27: $3.63
Difference: 35 cents

9. Alabama

Average gas price on May 4: $4.00
Average gas price on April 27: $3.79
Difference: 21 cents

10. Missouri

Average gas price on May 4: $4.04
Average gas price on April 27: $3.72
Difference: 32 cents

Data from AAA. Prices may vary by location and grade.



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