Overview

• The national average price of gasoline fell to $3.16 per gallon, down roughly three cents from last week and matching summer 2021 levels.
• This figure marks the cheapest summer pump prices since mid-2021 after a spike above $5 per gallon in 2022.
• President Trump signed day-one executive orders directing agencies to use emergency authorities to facilitate energy supply, refining and transportation.
• Energy Secretary Chris Wright said the agenda aims to expand production capacity and eliminate subsidies for unproductive energy sources.
• State prices vary widely, with California averaging $4.50 per gallon and Mississippi at $2.72, reflecting regional supply and tax differences.