February 2025 Gasoline Value Replace: Costs Dip, however Tariffs May Change the Development – Gasoline
The East Coast area noticed the best decline over the past week, reducing virtually 6 cents.
Picture: EIA/Automotive Fleet
Nationwide gasoline costs are seeing a decline within the first week of February, however region-specific adjustments provide a combined bag of predictions. The nationwide common price of gasoline at the moment stands at $3.08, in accordance with U.S. Vitality Data Administration (EIA) knowledge.
Though costs year-over-year are down by 5 cents, they have been up by 8 cents simply final week.
“The nationwide common has seen little significant change over the previous week, as oil markets proceed to face promoting stress,” GasBuddy Head of Petroleum Evaluation Patrick De Haan stated. Tariffs imposed by President Trump on Canada and Mexico, with stories noting a pause for the 2 international locations however not on China, might trigger gasoline costs to inch up in sure areas.
“Whereas, on paper, tariffs on Canadian vitality might have a major influence on gas costs, a chronic commerce warfare might weaken world economies, decreasing demand and partially offsetting the results of tariffs,” De Haan stated.
A sluggish however modest influence on gas costs is anticipated in markets that rely closely on Canadian crude oil or refined product imports, such because the Midwest, Rocky Mountains, and the Northeast.
See how diesel costs are altering per area on Work Truck.
U.S. Regional Gasoline Costs as of Feb. 3, 2025
Gasoline costs see combined adjustments throughout the nation. Right here’s a have a look at costs by area in accordance with EIA knowledge, as of Feb. 3:
- East Coast: $3.01
- Midwest: $2.91
- Gulf Coast: $2.70
- Rocky Mountain: $2.96
- West Coast: $3.92
The East Coast noticed essentially the most important lower in gasoline costs, declining virtually 6 cents, whereas the Rocky Mountain and West Coast areas noticed the best improve of 4 cents.
Right here’s a have a look at the highest 10 most cost-effective states to purchase gasoline, in accordance with AAA knowledge:
| Rank | State | Common |
|---|---|---|
| 1 | Mississippi | $2.68 |
| 2 | Oklahoma | $2.70 |
| 3 | Texas | $2.73 |
| 4 | Arkansas | $2.74 |
| 5 | Kentucky | $2.76 |
| 6 | Louisiana | $2.78 |
| 7 | Tennessee | $2.80 |
| 8 | Alabama | $2.81 |
| 9 | Kansas | $2.82 |
| 10 | Ohio | $2.83 |
South Carolina was got rid of the checklist to make room for Ohio ($2.83) within the quantity 10 spot. Mississippi and Oklahoma stay the highest two states with the most affordable worth for a gallon of gasoline. At the moment, 25 states have a $2.99 or decrease common for a gallon of gasoline.
