10 States With The Cheapest Gas Price; California Is Most Expensive
KEY POINTS
- Gas price in Kansas is currently $3.82 per gallon
- Gas price per gallon costs $5.74 in California
- The EIA expects gas prices to stay above $4 throughout the year
Gas prices in the United States are soaring to record highs amid Russia’s invasion of Ukraine, with prices increasing almost a dollar per gallon over the past month.
However, gas prices vary by state. Depending on government policies and the state’s distance from oil refineries, the cost of regular gas could go lower per gallon. Here’s a look at the 10 states with the cheapest cost per gallon of gas across the United States, according to data from the American Automobile Association (AAA).
Top 10 States With Cheapest Gas Prices (Per Gallon)
- Kansas - $3.82
- Missouri - $3.84
- Oklahoma - $3.85
- Arkansas - $3.89
- Nebraska - $3.89
- North Dakota - $3.90
- Iowa - $3.91
- Minnesota - $3.95
- South Dakota - $3.97
- Colorado - $3.97
As of Monday, the most expensive state to buy gas is California where a gallon costs $5.74. No other state in the United States charges over $5 per gallon of gas.
Prices for gasoline first saw an increase in early 2022 due to a lack of oil supply. However, the latest surge reflects sanctions that President Joe Biden and other leaders of Western countries imposed on Russia following its attack on Ukraine.
U.S. oil prices briefly fell to $99.76 a barrel Monday, marking an 8% plunge since it touched a 14-year high of $130,50 per barrel on March 6. Brent crude, the world benchmark, dropped to $104.35 a barrel from a recent peak of nearly $140 per barrel.
Having said that, the Energy Information Administration (EIA) projected that crude oil could reach a benchmark price of $105.22 a barrel this year. Officials for the EIA also expect gas prices to stay above $4 for the rest of the year.
Russia is one of the world’s biggest oil suppliers. In 2021, Russia was the second top producer of oil in the world, pumping out 9.7 million barrels a day. The U.S. remains the top producer of oil in the world, pumping out 10.2 million barrels per day. Only 3% of crude oil consumed in the U.S. comes from Russia.
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