In this article, we discuss the 9 States With Gas Prices below $3. If you would like to see our detailed discussion of the oil and gasoline industry and the complete list, you can go to 24 States With Gas Prices below $3.
9. Kentucky
Gas Price as of 5 Feb 2024: $2.801
Number ninth on our list, we have Kentucky. Gas prices in Kentucky are currently $2.801 per gallon, which is about four cents less than last year’s average. However, this price may increase in the coming months due to a tight oil supply and a higher demand for gas.
8. Wisconsin
Gas Price as of 5 Feb 2024: $2.781
Wisconsin’s gas prices are $2.781 for regular-grade, $3.203 for mid-grade, $3.672 for premium, and $3.599 for diesel. Fortunately for Wisconsin residents, GasBuddy has forecasted that the prices are expected to further decrease in the coming weeks due to cold weather.
7. Arkansas
Gas Price as of 5 Feb 2024: $2.767
At $2.767 per gallon, Arkansas has gas prices below $3 as well. Meanwhile, mid-grade, premium, and diesel prices are averaged at $3.147, $3.531, and $3.575, respectively. Arkansas is seeing a decline in its gas prices perhaps due to the stabilization of crude oil prices.
6. Colorado
Gas Price as of 5 Feb 2024: $2.764/gal
Priced at $2.764/gal, regular-grade gas prices in Colorado are declining due to brutal winter conditions in the state and the overall decrease in demand. However, the prices are expected to increase mid-year when demand increases.
5. Kansas
Gas Price as of 5 Feb 2024: $2.761
Kansas’s gas prices saw a significant decrease in recent weeks as well. As of February 2024, regular, mid-range, and premium gas prices stand at $2.761, $3.069, and $3.389 per gallon, respectively.
4. Utah
Gas Price as of 5 Feb 2024: $2.760
Regular gas in Utah goes for $2.760 per gallon, with the main reason for the low cost being a lack of demand in the state. Gas prices in Utah are expected to decrease further and reach below the national average by the end of 2024.
3. Mississippi
Gas Price as of 5 Feb 2024: $2.753
Third on the list, Mississippi gas prices stand at $2.753 per gallon for regular-grade, and $3.141 per gallon for mid-range. Mississippi’s location, low gasoline taxes, seasonal decrease in demand, and declining oil costs are why gas prices are slowed down in Mississippi.
2. Wyoming
Gas Price as of 5 Feb 2024: $2.677
Wyoming has seen a dip in gas prices recently, primarily due to seasonal changes and a decrease in demand. In February 2024, the average normal gas price in the state is $2.677. For mid-grade and premium gas, it’s $2.946 and $3.241 per gallon, respectively.
1. Oklahoma
Gas Price as of 5 Feb 2024: $2.675
Next on the list, we have Oklahoma, a state that is home to many oil refineries and low gas prices of $2.675 per gallon. Low fuel taxes are another reason for cheap gas in Oklahoma, and prices are expected to decline within the next few weeks.
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