Overview

• The national average gas price decreased by seven cents in the past week, settling at $3.184 per gallon, according to AAA.
• Houston gas prices fell six cents in the same period, with the average now at $2.69 per gallon, as reported by GasBuddy.
• Analysts attribute the decline to seasonal factors, including the end of refinery maintenance and increased fuel supply, suggesting prices may have already peaked for the year.
• Concerns over U.S. tariffs and OPEC+ production increases have also contributed to the recent drop in oil and gas prices.
• Significant regional price differences persist, with the West Coast experiencing the highest costs and Gulf States like Mississippi seeing the lowest averages.