U.S. gas prices are at an all time high. The average price of a gallon of regular gasoline now stands at $4.32, up from less than $3.50 one month ago, as the surge in fuel prices shows few signs of slowing.
The price spike is due to several factors. Most notably, the Russian invasion of Ukraine is leading to reduced supply of oil and gas, as many would-be buyers are reducing consumption of Russian oil – including the U.S., which imposed a ban on Russian oil imports. Russia is traditionally the third largest oil supplier in the world, accounting for 11% of global production. Here is a look at the 15 countries that control the world’s oil.
Even before the outbreak of war in Eastern Europe, fuel prices were on the rise. The ongoing reopening of the U.S. economy has contributed to rising demand for gas – and rising prices in turn have fueled broader inflation concerns. Meanwhile, domestic supply of fuel has been limited, as oil companies have cut investments in new wells in recent years to improve profitability.
While the average price of gas is at an all time high, there are parts of the country where gas prices remain relatively low, and motorists are paying far less than most other Americans. Using fuel price data from AAA, the American Automobile Association, 24/7 Wall St. identified the metropolitan areas with the lowest gas prices. Metro areas are ranked by the average price of a gallon of regular gasoline on March 10, 2022. In the case of a tie, the metro area where gas prices are rising slowest ranked higher.
Among the metro areas on this list, gas prices range anywhere from $3.95 a gallon to $3.72 a gallon. Most of the cities on this list are in the Midwest, including six in Iowa alone.
The total price motorists pay at the pump is the product of several factors, including the price of crude oil – largely determined by global supply and demand – and taxes. The U.S. government levies a gasoline tax of 18.4 cents per gallon, while states are free to set their own gas tax rate. State gas taxes and fees average about 30 cents per gallon. Here is a look at the states with the highest gas taxes.
Click here to see the cities with the lowest gas prices
50. Tyler, TX
> Avg. price of gas, March 10: $3.95 per gallon
> 1-day change: +$0.05 per gallon
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49. Wichita Falls, TX
> Avg. price of gas, March 10: $3.94 per gallon
> 1-day change: +$0.08 per gallon
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48. Killeen-Temple-Fort Hood, TX
> Avg. price of gas, March 10: $3.94 per gallon
> 1-day change: +$0.09 per gallon
47. Grand Island, NE
> Avg. price of gas, March 10: $3.94 per gallon
> 1-day change: +$0.01 per gallon
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46. Denver, CO
> Avg. price of gas, March 10: $3.93 per gallon
> 1-day change: +$0.04 per gallon
45. Cedar Rapids, IA
> Avg. price of gas, March 10: $3.93 per gallon
> 1-day change: +$0.02 per gallon
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44. North Platte, NE
> Avg. price of gas, March 10: $3.93 per gallon
> 1-day change: +$0.02 per gallon
43. Cape Girardeau, MO
> Avg. price of gas, March 10: $3.93 per gallon
> 1-day change: +$0.07 per gallon
42. Colorado Springs, CO
> Avg. price of gas, March 10: $3.92 per gallon
> 1-day change: +$0.04 per gallon
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41. Council Bluffs, IA
> Avg. price of gas, March 10: $3.92 per gallon
> 1-day change: +$0.07 per gallon
40. Pueblo, CO
> Avg. price of gas, March 10: $3.91 per gallon
> 1-day change: +$0.02 per gallon
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39. Jefferson City, MO
> Avg. price of gas, March 10: $3.91 per gallon
> 1-day change: +$0.10 per gallon
38. Little Rock-North Little Rock, AR
> Avg. price of gas, March 10: $3.91 per gallon
> 1-day change: +$0.07 per gallon
37. Bismarck, ND
> Avg. price of gas, March 10: $3.91 per gallon
> 1-day change: +$0.01 per gallon
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36. Omaha (NE only), NE
> Avg. price of gas, March 10: $3.91 per gallon
> 1-day change: +$0.05 per gallon
35. Des Moines, IA
> Avg. price of gas, March 10: $3.91 per gallon
> 1-day change: +$0.01 per gallon
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34. Hot Springs, AR
> Avg. price of gas, March 10: $3.91 per gallon
> 1-day change: +$0.07 per gallon
33. Fort Collins-Loveland, CO
> Avg. price of gas, March 10: $3.91 per gallon
> 1-day change: +$0.04 per gallon
32. St. Cloud, MN
> Avg. price of gas, March 10: $3.90 per gallon
> 1-day change: +$0.05 per gallon
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31. North Sioux City, SD
> Avg. price of gas, March 10: $3.90 per gallon
> 1-day change: +$0.05 per gallon
30. Lubbock, TX
> Avg. price of gas, March 10: $3.90 per gallon
> 1-day change: +$0.02 per gallon
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29. Sioux Falls, SD
> Avg. price of gas, March 10: $3.89 per gallon
> 1-day change: +$0.03 per gallon
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28. Minot, ND
> Avg. price of gas, March 10: $3.89 per gallon
> 1-day change: +$0.01 per gallon
27. Cheyenne, WY
> Avg. price of gas, March 10: $3.89 per gallon
> 1-day change: +$0.04 per gallon
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26. Oklahoma City, OK
> Avg. price of gas, March 10: $3.88 per gallon
> 1-day change: +$0.07 per gallon
25. Grand Forks (ND only), ND
> Avg. price of gas, March 10: $3.88 per gallon
> 1-day change: +$0.05 per gallon
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24. Iowa City, IA
> Avg. price of gas, March 10: $3.87 per gallon
> 1-day change: +$0.02 per gallon
23. Sioux City (IA only), IA
> Avg. price of gas, March 10: $3.87 per gallon
> 1-day change: +$0.06 per gallon
22. Greeley, CO
> Avg. price of gas, March 10: $3.87 per gallon
> 1-day change: +$0.06 per gallon
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21. Lawton, OK
> Avg. price of gas, March 10: $3.87 per gallon
> 1-day change: +$0.14 per gallon
20. Fargo-Moorhead (ND only), ND
> Avg. price of gas, March 10: $3.87 per gallon
> 1-day change: +$0.04 per gallon
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19. Casper, WY
> Avg. price of gas, March 10: $3.87 per gallon
> 1-day change: +$0.08 per gallon
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18. Jonesboro, AR
> Avg. price of gas, March 10: $3.86 per gallon
> 1-day change: +$0.05 per gallon
17. Topeka, KS
> Avg. price of gas, March 10: $3.86 per gallon
> 1-day change: +$0.02 per gallon
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16. Ames, IA
> Avg. price of gas, March 10: $3.86 per gallon
> 1-day change: +$0.02 per gallon
15. Moorhead, MN
> Avg. price of gas, March 10: $3.86 per gallon
> 1-day change: +$0.01 per gallon
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14. Lawrence, KS
> Avg. price of gas, March 10: $3.86 per gallon
> 1-day change: +$0.04 per gallon
24/7 Wall St..jpg "Sorlie Memorial Bridge over the Red River by Tony Webster")
13. Polk County, MN
> Avg. price of gas, March 10: $3.85 per gallon
> 1-day change: +$0.03 per gallon
12. Wichita, KS
> Avg. price of gas, March 10: $3.85 per gallon
> 1-day change: +$0.04 per gallon
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11. Fayetteville-Springdale-Rogers, AR
> Avg. price of gas, March 10: $3.83 per gallon
> 1-day change: +$0.06 per gallon
10. Tulsa, OK
> Avg. price of gas, March 10: $3.82 per gallon
> 1-day change: +$0.04 per gallon
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9. Kansas City (KS only), KS
> Avg. price of gas, March 10: $3.82 per gallon
> 1-day change: +$0.00 per gallon
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8. Norfolk, NE
> Avg. price of gas, March 10: $3.82 per gallon
> 1-day change: +$0.03 per gallon
7. Manhattan, KS
> Avg. price of gas, March 10: $3.81 per gallon
> 1-day change: +$0.03 per gallon
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6. Kansas City (MO only), MO
> Avg. price of gas, March 10: $3.80 per gallon
> 1-day change: +$0.02 per gallon
5. Le Flore-Sequoyah, OK
> Avg. price of gas, March 10: $3.77 per gallon
> 1-day change: +$0.05 per gallon
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4. Fort Smith (AR only), AR
> Avg. price of gas, March 10: $3.77 per gallon
> 1-day change: +$0.05 per gallon
3. Amarillo, TX
> Avg. price of gas, March 10: $3.74 per gallon
> 1-day change: +$0.01 per gallon
2. Joplin, MO
> Avg. price of gas, March 10: $3.73 per gallon
> 1-day change: +$0.05 per gallon
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1. St. Joseph, MO
> Avg. price of gas, March 10: $3.72 per gallon
> 1-day change: +$0.02 per gallon
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