Prices at the pump remain unchanged during the passing of summer
Headline: Gas Prices Remain Stable in 2025 Amid Relatively Cheap Crude Oil
In an unexpected turn of events, the summer of 2025 is shaping up to be one of the calmest fuel-wise in recent memory. Despite increased gasoline demand and some fluctuations in crude oil prices, the national average for a gallon of regular gas remains at a relatively affordable $3.16.
Compared to previous years, the average gas price in 2025 shows moderate fluctuations but overall is somewhat lower than in 2024 and 2023. For instance, the average gas price in the U.S. was $3.16 per gallon in mid-July 2025, down 10.1% from $3.52 in July 2024.
Regionally, gasoline prices still vary within the U.S., with states like California experiencing significantly higher prices (around $4.48/gallon in August 2025) compared to states like Mississippi, where prices are as low as $2.70 per gallon. In fact, Mississippi currently holds the title for the cheapest average gas price in the nation.
The stability in gas prices can be attributed to a few key factors. Firstly, the oil market has remained relatively stable, even though crude oil prices have seen some increases. Seasonal factors like the switch to summer-blend gasoline usually push prices higher during warmer months, and factors such as inflation, supply chain disruptions, and gas tax hikes can add to the cost—though elevated crude oil prices remain the main driver of gas prices.
However, crude oil inventories are currently about 9% below the five-year seasonal average, which could potentially lead to price increases in the future. As of last week, crude oil inventories decreased by 3.2 million barrels, with total U.S. crude reserves at 419 million barrels. West Texas Intermediate (WTI) crude settled at $65.25 per barrel as of Wednesday.
For electric vehicle (EV) owners, the news is equally encouraging. Kansas offers the most affordable charging rate for electric vehicles at 25 cents per kWh, while West Virginia has the highest average charging rate at 52 cents/kWh. The AAA TripTik Travel planner can help identify current gas and EV charging prices along routes, making it easier for EV owners to plan their journeys.
In summary, stable crude oil markets combined with manageable seasonal and economic factors have contributed to relatively steady gas prices in 2025. This stability contrasts with the more volatile and generally higher price environment seen in the immediate past few years, reflecting a gradual easing of the supply shocks and price pressures seen earlier in the decade.
The stability in gas prices in 2025 has positively impacted the personal-finance sector, allowing individuals to spend less on fuel. However, the fluctuation in crude oil prices within the finance industry could potentially influence future gas prices. Conversely, the energy sector has observed a decrease in prices for electric vehicle (EV) charging, particularly in Kansas, providing a cost-effective alternative to traditional gasoline for owners of such vehicles.
