States Where Gas Is Back at $3

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By Douglas A. McIntyre Published
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24/7 Wall St. used Gas Buddy to find states where the price of a gallon of regular is within a penny or so of $3. The price of gas nationwide continues to fall, as oil dips below $100 a barrel.

Kansas
> Regular gas price per gallon: $3.02
> Gas taxes per gallon: 25.0 cents (25th lowest)
> Number of operating refineries: 3

A gallon of gas in Kansas currently costs 16 cents less than the national average, roughly the same price difference as a year ago. The highest recorded average gas price in Kansas was $4.02 per gallon in July 2008.

Missouri
> Regular gas price per gallon: $2.92
> Gas taxes per gallon: 35.7 cents (6th lowest)
> Operating refineries: 0

The state has no operating refineries of its own, but it is adjacent to several large refining states, notably Oklahoma and Illinois. Taxes on gas in the state are the sixth lowest in the country, with drivers paying just 35.7 cents per gallon at the pump.

Oklahoma
> Regular gas price per gallon: $3.00
> Gas taxes per gallon: 35.4 cents (5th lowest)
> Operating refineries: 5 (tied for 6th highest)

Oklahoma is one of the nation’s largest oil producers. The state has five operating oil refineries and can produce nearly 509,000 barrels of oil a day — both among the highest figures for any state. Nationwide, Americans spend an average of 48.8 cents a gallon in taxes. In addition to being a key oil producer, Oklahoma is also one of the largest natural gas producers in the United States.

Texas
> Regular gas price per gallon: $3.02
> Gas taxes per gallon: 20 cents (tied for 12th lowest)
> Number of operating oil refineries: 26

According to the Energy Information Administration, Texas has the most oil refineries of any U.S. state. Paired with a state tax rate of 20 cents per gallon, state gas prices have been typically below the national average. The relative cost of transportation in the state is among the lowest in the country.

Arkansas
> Regular gas price per gallon: $3.01
> Gas taxes per gallon: 21.8 cents (16th lowest)
> Number of operating oil refineries: 2

The two refineries in Arkansas process about 90,500 barrels of gulf coast West Texas Intermediate crude oil per day, likely contributing to the low gas prices in the state. Another reason for the state’s low gas prices can also be its relatively low taxes on gasoline.

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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