Overview

• The national average for a gallon of regular gasoline held around $3.153 this week with daily fluctuations confined to a few cents.
• San Diego County’s pump price dipped to $4.549 per gallon for the third decline in four days, narrowing the gap with last year’s rates.
• Lower Atlantic states from Florida through West Virginia recorded an unchanged average of $2.92 per gallon for a second straight week, according to the EIA.
• July’s national average of $3.15 per gallon was the lowest July since 2021 and stands more than 30 cents below prices from a year ago.
• Analysts point to crude oil trading near $65 per barrel and ample refining and regional supply conditions as key factors behind the market’s mid-August stability.