Story perspectives

Gas Prices Fall to $3.09 Amid EU Sanctions

7/21/2025

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Summary

Story summary

The national average gasoline price dropped to $3.09, with Minnesota's average at $2.99; diesel prices increased to $3.69.
U.S. natural gas prices declined despite high production and seasonal demand, with cooler weather anticipated in the West.
The EU imposed new sanctions on Russia, reducing the crude price cap to $47 per barrel, affecting oil markets.
Gasoline prices are lower than last year, with the national average at $3.09 compared to $3.50 in 2022.

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Story summary

The national average gasoline price dropped to $3.09, with Minnesota's average at $2.99; diesel prices increased to $3.69.
U.S. natural gas prices declined despite high production and seasonal demand, with cooler weather anticipated in the West.
The EU imposed new sanctions on Russia, reducing the crude price cap to $47 per barrel, affecting oil markets.
Gasoline prices are lower than last year, with the national average at $3.09 compared to $3.50 in 2022.