What is the latest national average gasoline price in the U.S., and how much has it dropped over the past week and from its May peak?

The national average price of gasoline fell 14.1 cents a gallon over the last week to $3.85 per gallon on Monday, according to GasBuddy, marking a 15% drop from its May peak.

What recent refinery incidents in Texas could threaten the current decline in gasoline prices?

TotalEnergies shut down its 238,000 barrel-per-day refinery in Port Arthur, Texas, after a lightning strike knocked out power — with a full restart expected within seven days — and a fire broke out at Marathon Petroleum's 631,000-barrel-per-day Galveston Bay Refinery in Texas City, Texas.

US gasoline prices tumble for sixth straight week

Jun 22, 2026

US gasoline prices dropped for a sixth consecutive week amid improved US-Iran diplomacy, though supply risks remain due to Strait of Hormuz tensions and recent refinery outages at TotalEnergies and Marathon Petroleum.

reuters

2026-06-22

US gasoline prices tumble for sixth straight week

US gasoline prices tumble for sixth straight week

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