economy
February 2, 2026
Gas prices: Slight increase at the pumps to begin February
The national average price for a gallon of regular gas increased slightly to $2.875 to begin February. Monday’s price at the pumps was a minimal increase from Sunday, the first of the new month, when regular gas was $2.87 per gallon.
TL;DR
- The national average price for regular gas increased slightly to $2.875 on February 1st.
- This price is a slight decrease from a week prior ($2.88) but higher than a month ago ($2.83).
- Gas prices are substantially lower than a year ago ($3.098).
- AAA attributes the slight increase to winter storms disrupting supply, crude production, and refinery operations.
- Demand increased pre-storm as drivers filled tanks.
- Current prices under $3/gallon contrast with higher averages during the Biden administration ($3.555).
- Oklahoma has the lowest state average gas price at $2.369 per gallon.
- Hawaii has the highest state average gas price at $4.393 per gallon.
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