The national average price for regular gas decreased by 17 cents over the past week, reaching $4.22 per gallon as reported by AAA on June 5, 2026. This decline follows a two-week trend of falling prices, attributed in part to reduced tensions between the United States and Iran. A week prior, the average price was $4.39 per gallon, and it has decreased by 27 cents since May 26, and 34 cents since reaching a record high of $4.564 per gallon on May 21.
Despite the recent drop, current prices remain higher than earlier in the year, with a notable price of $4.48 per gallon reported a month ago. The lowest price recorded this year was $2.79 per gallon on January 12. The fluctuations in gas prices have been linked to various factors, including winter weather and geopolitical events, particularly the military conflict with Iran.
Currently, 18 states report average gas prices below $4 per gallon, a significant change from May 20, when all states had averages at or above that mark. The states with the lowest gas prices include Indiana at $3.517 per gallon, Texas at $3.699, and Oklahoma at $3.725. Conversely, California has the highest average price at $5.948 per gallon, followed by Washington at $5.65 and Hawaii at $5.614.
