National Gas Prices Hold Lowest August Levels Since 2020

Gas prices across the United States are holding steady at relatively low levels for this time of year, with the national average for a gallon of regular gas around $3.16, slightly higher than last week but significantly lower than a year ago. Prices have avoided the typical summer increase and are at their lowest for August since 2020, largely due to stable and lower crude oil prices, which currently range between $63 and $67 per barrel. Regional data shows variation, with Texas averaging $2.74 per gallon, down from last year, and New York state averaging $3.15, also lower than last year. AAA anticipates that gas prices will remain steady through the Labor Day holiday weekend, barring any disruptions such as hurricanes impacting Gulf Coast refineries. Travelers are expected to take advantage of these affordable fuel prices for late summer road trips to popular destinations including Seattle, Vancouver, Saratoga, the Finger Lakes, and the Adirondacks. Overall, drivers are benefiting from the lowest late-summer gas prices in several years, offering relief for both daily commutes and holiday travel plans.