Average Us gas prices

(WASHINGTON, June 22, 2015) After reaching a new high for 2015 last week ($2.80), the national average price for regular unleaded gasoline has dropped slightly to $2.79 per gallon. Today’s price is five cents higher than one month ago and remains significantly discounted from this time last year with drivers saving an average of 89 cents per gallon year-over-year.

Pump prices in recent days have stabilized or even dropped in many areas as refineries solve productions issues. For example, ExxonMobil’s refinery in Joliet, Ill. and PBF Energy’s refinery in Toledo, Ohio are reportedly operating at normal rates following recent malfunctions, which should further support the region’s gasoline supplies. Gasoline production typically increases this time of year in anticipation of summer demand, and high profit margins should incentivize refineries to produce more gasoline in the near future, which may help lower gas prices.

Drivers in California ($3.49) are paying the nation’s highest averages for retail gasoline, though prices have dropped significantly as refineries increase production and the supply situation in the region improves. The Golden State is joined by its regional neighbors: Alaska ($3.44), Hawaii ($3.36), Nevada ($3.21) and Washington ($3.18) as the nation’s top five most expensive markets for retail gasoline. A total of seven states are posting averages above $3 per gallon. Consumers in South Carolina ($2.48) are paying the lowest price at the pump, and are saving more than $1 per gallon compared to California.

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