The national average price for a gallon of regular gasoline in the United States Monday morning was $2.285, an average of $1.05 a gallon below the price on the same day a year ago. In five states the average price is solidly below $2 a gallon, but in three other states the price remains above $3 a gallon.

A gallon of regular gasoline costs $3.082 a gallon in Alaska, the state with the highest gasoline prices Monday morning. In California a gallon of gas costs $3.056 and in Nevada the cost is $3.001. Compared with Thursday, gas prices are down nearly seven cents in Alaska, five cents in California and 3.5 cents in Nevada.

Gasoline prices rose in just three states last week: Indiana, Ohio and Michigan. The gains were modest, according to GasBuddy analyst Patrick DeHaan, who said:

[T]he rest of the nation’s 47 states saw gasoline prices declining [week over week]. Alaska saw a 17 cent decline, South Dakota a 13 cent decline and Oregon an 11 cent decline to lead the nation. Nearly 1 in 4 stations are now selling gasoline under $2/gallon, and it looks like that should only grow in the weeks ahead. With much of the country now on winter gasoline, there is less pressure on prices during the upcoming fall maintenance season at the nation’s refineries. I continue to believe that the national average will fall under $2/gallon, perhaps even sooner than expected.

Year over year, Hawaii’s gas price is down $1.30 a gallon, Connecticut is down $1.21 a gallon and Vermonters are paying $1.20 a gallon less than a year ago. The smallest drops have come in Nevada, down 56 cents compared with a year ago; California, down 68 cents; and Utah, down 76 cents.

ALSO READ: America’s Richest (and Poorest) States

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.