economy
January 2, 2026
Gas prices: 23 cents per gallon lower than last New Year’s Day
The new year began with another day of decreases at the pumps, as the national average price for regular gasoline dropped to $2.833 per gallon.
TL;DR
- National average gasoline price is $2.833 per gallon as the new year begins.
- Current prices are the lowest since March 2021.
- 40 states have average gas prices under $3 per gallon.
- 10 states have average prices under $2.50 per gallon.
- Gas prices started a significant decline in October, dropping below $3 per gallon in December.
- Oklahoma has the lowest average gas price at $2.253 per gallon.
- Hawaii has the highest average gas price at $4.415 per gallon.
- Eight of the eleven areas with gas prices over $3 per gallon have Democratic governors or a mayor.
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