Regional Gas Prices Fall Amid Middle East Volatility
Tap title to read story
United States: Retail gasoline prices fell across multiple states this week, with GasBuddy reporting week-over-week declines in South Carolina, Ohio and Michigan as of Monday and Sunday station surveys. State averages varied widely, with some stations reporting prices under $3.60 while others exceeded $4.40, and the U.S. average also declined this week.
The declines provided short-term relief to drivers and commuters, but disparities persisted across regions and stations; some areas still face prices substantially higher than a year ago. On June 8, Brent and WTI crude benchmarks began trading above $90 a barrel after renewed Middle East strikes, raising concerns about potential supply disruptions through the Strait of Hormuz.
More context
Timeline
- 1. Prior months: Retail gasoline remained roughly $1 per gallon higher than one year earlier according to GasBuddy comparisons.
- 2. Two weeks prior: Some regions recorded larger multi-week declines; NBC4i noted a 56-cent decline over two weeks in Columbus area.
- 3. Last week: GasBuddy reported week-over-week drops across South Carolina (−19.8 cents) and Ohio (−29.5 cents) and statewide declines in Michigan (≈−20 cents).
- 4. Sunday/Monday surveys: Station-level prices ranged widely within states, with lows around $3.17 and highs up to $4.72 in different markets.
- 5. June 8: Detroit Free Press reported Brent and WTI trading above $90 per barrel after renewed Middle East strikes, prompting supply-concern monitoring.
Sources
JQJO Editorial Desk · Human reviewed · AI assisted. Report a correction.
