(GasBuddy) The nation’s average price of gasoline has declined for the first time in nearly a month, falling 8.2 cents compared to a week ago and stands at $3.13 per gallon, according to GasBuddy® data compiled from more than 12 million individual price reports covering over 150,000 gas stations across the country. The national average is up 7.8 cents from a month ago and is 46.9 cents per gallon lower than a year ago. The national average price of diesel has decreased 4.8 cents in the last week and stands at $3.546 per gallon. “After oil’s sharp drop over the last couple of weeks — driven by concerns over the impact of U.S. tariffs and OPEC+ restoring production faster than expected — gasoline prices have posted a notable weekly decline, with nearly every state seeing prices fall,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “While I do expect gas prices to continue trending lower, any abrupt change in the current tariff situation could eventually bring the decline to a halt. For now, the good news is that gas prices typically reach their yearly peak around April 10, so we may have already witnessed ‘peak pain’ at the pump for 2025. As refiners near the end of seasonal maintenance and supply begins to rise — and with the changeover to summer gasoline nearly complete — it’s increasingly likely that gas prices have already hit their high for the year.” OIL PRICES Energy markets rallied over the last week after President Trump announced a 90-day pause on tariffs for most countries while the trade war with China escalated. Over the weekend, U.S. Customs and Border Protection announced that some Chinese-produced items, like smartphones, computers, and chips, would be exempt for the time being. Oil prices have bounced back up on that optimism, with WTI crude oil up 93 cents in early Monday trade to $62.43 per barrel, up from $60.47 last Monday, while Brent crude oil was up 90 cents to $65.66 per barrel, also up from last Monday’s $64.02 per barrel start. While tariff developments could drive oil higher, OPEC+’s restoration of crude oil production will likely still prevent oil prices from making a full recovery. OIL AND REFINED PRODUCTS The EIA’s Weekly Petroleum Status Report for the week ending April 4, 2025, showed U.S. oil inventories rose by 2.6 million barrels, about 5% below the seasonal average for this time of year, while the SPR rose 300,000 barrels to 396.7 million. Gasoline inventories fell by 1.6 million barrels and stand near the five-year seasonal average, while distillate inventories fell 3.5 million barrels and are about 9% below the five-year seasonal average. Refinery utilization rose 0.7 percentage points to 86.7% as refineries continue maintenance, while implied gasoline demand, EIA’s proxy for retail demand, fell 70,000bpd to 8.425 million, a surprise dip as demand typically sees seasonal increases. Trump exempts phones, computers, other electronics from reciprocal tariffs GAS PRICE TRENDS The most common U.S. gas price encountered by motorists stood at $2.99 per gallon, unchanged from last week, followed by $2.89, $3.09, $2.79, and $3.19, rounding out the top five most common prices. The median U.S. gas price is $2.99 per gallon, down 10 cents from last week and about 14 cents lower than the national average. The top 10% of stations in the country average $4.58 per gallon, while the bottom 10% average $2.56 per gallon. The states with the lowest average prices: Oklahoma ($2.67), Mississippi ($2.69), Tennessee ($2.69). The states with the highest average prices: California ($4.82), Hawaii ($4.47), and Washington ($4.30). Biggest weekly changes: Ohio (-14.0¢), Indiana (-13.4¢), Michigan (-13.2¢), New Mexico (-12.4¢), Wisconsin (-11.2¢) DIESEL PRICE TRENDS The most common U.S. diesel price stood at $3.59 per gallon, 10 cents higher than last week, followed by $3.49, $3.29, $3.69, and $3.39, rounding out the top five most common prices. The median U.S. diesel price is $3.59 per gallon, up 10 cents from last week and about 4 cents higher than the national average. Diesel prices at the top 10% of stations in the country average $4.59 per gallon, while the bottom 10% average $2.95 per gallon. The states with the lowest average diesel prices: Texas ($3.11), Oklahoma ($3.15), and Louisiana ($3.16). The states with the highest average diesel prices: Hawaii ($5.25), California ($4.94), and Washington ($4.43). Biggest weekly changes: Florida (-10.2¢), Maryland (-9.5¢), New Mexico (-8.8¢), Texas (-8.0¢), Connecticut (-7.1¢). ...read more read less