Gasoline Prices See Slight Dip, Diesel Continues to Climb
by: GasBuddy
Published: November 17, 2025
Gas Prices at Chevron Station in Huntington Beach 11/16/2025
BOSTON...The nation’s average price of gasoline has fallen 0.4 cents over the last week and stands at $3.03 per gallon, according to GasBuddy® data compiled from more than 12 million individual price reports covering over 150,000 gas stations across the country. The national average is up 1.1 cents from a month ago and is 1.1 cents per gallon higher than a year ago. The national average price of diesel has increased 4.1 cents in the last week and stands at $3.769 per gallon.
“With oil prices mostly stable near the $60 per barrel level, we’ve seen the national average move very little over the last few weeks. Roughly half of all states saw prices rise in the last week, while the other half saw prices fall,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “The West Coast should soon see notable price relief as wholesale prices drop amidst seasonally declining demand. With refinery maintenance nearing completion, we’ll likely see supply improve—and I’m hopeful this will bring the national average solidly below $3 per gallon by Christmas. As for Thanksgiving travel, GasBuddy’s Travel Survey, to be released tomorrow, will highlight some surprising shifts in travel behavior this year.”
OIL MARKET DYNAMICS
Oil prices have seen some upward movement over the last week, propelled by new Ukraine attacks on Russia’s oil infrastructure, including new attacks on both refineries and ports of export. In early Monday trade, a barrel of WTI crude oil was up 26 cents per barrel to $60.35, up slightly from last Monday’s $59.99 start. Brent crude oil was also seeing upside strength and was up 24 cents to $64.63 per barrel, up from $63.87 a week ago. Overall, however, oil prices have been rangebound for the last several months, trading between $57 – $65 per barrel as the market balances increased oil from OPEC and the Russian war in Ukraine. “Oil prices have lately been influenced by Ukrainian attacks on Russian energy infrastructures, including refineries and export terminals,” said Giovanni Staunovo, UBS commodities analyst, in an e-mail. “Due to the U.S. sanctions on the two largest Russian oil producers, we have seen some Asian refiners indicating they may reduce their purchases of Russian oil and instead opt for barrels from the Middle East or the Americas. For now, the market appears skeptical that Russia will struggle to export its oil barrels, given that they’re offered at a discount.”
OIL AND REFINED PRODUCT SUPPLIES
The EIA’s Weekly Petroleum Status Report for the week ending November 7, 2025, showed U.S. oil inventories rose by 6.4 million barrels and are about 4% below the seasonal average for this time of year, while the SPR rose 800,000 barrels to 410.4 million. Gasoline inventories fell by 0.9 million barrels and are about 4% below the five-year seasonal average, while distillate inventories fell by 0.6 million barrels and are about 8% below the five-year seasonal average. Refinery utilization rose 3.4 percentage points to 89.4%, while implied gasoline demand, EIA’s proxy for retail demand, rose 154,000 bpd to 9.028 million barrels per day.
GAS PRICE TRENDS
The most common U.S. gas price encountered by motorists stood at $2.99 per gallon, unchanged from last week, followed by $2.79, $2.89, $2.69, and $3.09, rounding out the top five most common prices.
The median U.S. gas price is $2.89 per gallon, unchanged from last week and about 14 cents lower than the national average. The top 10% of stations in the country average $4.42 per gallon, while the bottom 10% average $2.43 per gallon.
The states with the lowest average prices: Oklahoma ($2.43), Mississippi ($2.57), and Louisiana ($2.57).
The states with the highest average prices: California ($4.63), Hawaii ($4.38), and Washington ($4.11).
Biggest weekly changes: Nevada (-15.9¢), Ohio (+12.3¢), Washington (-9.9¢), Iowa (-9.2¢), Michigan (-9.0¢)
DIESEL PRICE TRENDS
The most common U.S. diesel price stood at $3.59 per gallon, down 20 cents from last week, followed by $3.89, $3.79, $3.99, and $3.69, rounding out the top five most common prices.
The median U.S. diesel price is $3.69 per gallon, unchanged from last week and about 8 cents lower than the national average. Diesel prices at the top 10% of stations in the country average $4.61 per gallon, while the bottom 10% average $3.11 per gallon.
The states with the lowest average diesel prices: Texas ($3.23), Louisiana ($3.30), and Mississippi ($3.31).
The states with the highest average diesel prices: California ($5.13), Hawaii ($5.12), and Washington ($4.88).
Biggest weekly changes: Michigan (+14.0¢), Indiana (+13.5¢), Delaware (+11.6¢), Kansas (+10.2¢), Illinois (+9.5¢)