economy
Gas prices: Drop to under $4.46 per gallon as post-Memorial Day decreases continue
The national average price for regular gas dropped again on Wednesday, falling to $4.459 per gallon. It is the second straight day that fuel costs have decreased after Memorial Day, traditionally known as the start of the summer driving season and, subsequently, an increase at the pumps.
TL;DR
- The national average gas price fell to $4.459 per gallon on Wednesday, marking the second day of decreases after Memorial Day.
- Six states now have average gas prices under $4 per gallon, compared to a week ago when all states were above $4.
- Gas prices have fluctuated significantly in 2026, ranging from $2.79 in January to $4.564 in May.
- The war with Iran and potential peace talks, along with uncertainty over the Strait of Hormuz blockade, have impacted fuel costs.
- Indiana, Mississippi, and Georgia have the lowest average gas prices, while California, Washington, and Hawaii are the most expensive.
- Patrick De Haan of GasBuddy described the current summer as "the most volatile at the pump in years" and suggested prices may not fully recover for over a year even after the Strait reopens.