Full Breakdown
National Gas Prices Reach Lowest Average Since 2021
1/13/2026, 12:16:36 AM
Current Gas Price Trends
As of January 12, 2026, the national average price for a gallon of regular gasoline has dropped to $2.796, marking the lowest level since March 2021. This decline follows a steady decrease from $2.93 just a month prior. According to the American Automobile Association (AAA), 43 states are now reporting average gas prices below $3 per gallon, with 30 states seeing prices below $2.75. Notably, some stations in at least 19 states are offering gas at or below $2 per gallon, with states such as Oklahoma and Arkansas leading the way with averages of $2.212 and $2.359, respectively.
Factors Influencing Gas Prices
The recent drop in gas prices is attributed to stable crude oil prices and a strong global oil supply. The Organization of the Petroleum Exporting Countries (OPEC+) has indicated no plans for production increases in the first quarter of 2026 due to lower demand. This stability has allowed prices to remain relatively low, with the national average down 17 cents from a month ago and 28.9 cents lower than a year ago.
Patrick De Haan, head of petroleum analysis at GasBuddy, noted that while gas prices have seen little change recently, several states have experienced notable fluctuations. He emphasized that the situation in Venezuela, which has been a topic of discussion regarding oil supply, is unlikely to have an immediate impact on U.S. gas prices.
Regional Variations
Gas prices vary significantly across different regions. For instance, Florida's average price has decreased to $2.67, with the Crestview-Fort Walton Beach area offering the lowest prices in the state at $2.49. In contrast, California continues to have some of the highest prices in the nation, averaging $4.23 per gallon. Other states with high prices include Hawaii at $4.42 and Washington at $3.81.
Official Statements & Responses
The White House has highlighted the drop in gas prices as a positive economic indicator, linking it to broader affordability efforts. However, critics argue that the administration's policies may not be directly responsible for these changes. Mark Jenkins, a spokesman for AAA, clarified that while presidential policies can influence long-term energy direction, day-to-day gas prices are primarily driven by global crude oil costs and market conditions.
Criticism & Opposition
Some commentators suggest that the current administration is eager to promote lower gas prices as a means to bolster public perception of economic management. Critics, particularly from the political right, argue that the administration's policies, including immigration and energy exploration, are being obstructed by opposition parties, which they claim could hinder further economic recovery.
What's Next?
Looking ahead, analysts predict that gas prices may experience seasonal increases as the transition to summer-blend gasoline occurs in late February through April. This transition typically coincides with heightened travel demand, which could push prices upward. However, if current trends continue without significant disruptions, sustained averages below $3 per gallon could become more common throughout 2026.
