Gas Prices in USA Today February 2026: Gasoline prices in the United States in February 2026 are not limited to vehicle expenses; they directly impact family budgets, daily travel, and business costs. Price differences across states are so significant that even the cost of traveling the same distance varies. For example, gasoline in California reached approximately $6.43 per gallon in June 2022, compared to just $1.29 per gallon in Wisconsin in April 2018.
By February 2026, the situation has changed significantly. The national average is approximately $2.81 per gallon, significantly lower than in 2022. Oklahoma is currently the cheapest state, with a price of approximately $2.34 per gallon, while California remains the most expensive. This difference has a significant economic impact on travelers, truck drivers, and businesses.
Price Trends from 2025 to 2026
Gasoline prices declined in 2025, primarily due to lower crude oil prices and improved vehicle fuel efficiency. The average for the entire year was around $3.10, falling to $2.89 by the end of the year and then to $2.81 by the beginning of 2026.
Prices are lower in southern states like Arkansas and Mississippi, while gasoline remains expensive in remote or more stringently regulated states like Hawaii and Washington.
Why is gasoline so cheap in Oklahoma?
There are several strong reasons behind Oklahoma’s low prices. The state is located near the Cushing Oil Hub, a major oil storage hub in the United States. This reduces transportation costs. Additionally, nearby states like Texas and Louisiana have large refineries, ensuring a stable supply.
Another important reason is low state taxes. While fuel taxes are very high in California, they are significantly lower in Oklahoma. Low population density and less traffic also limit demand, keeping prices in check.
Why the price differences between states?
Fuel price differences are due to four main factors—taxes, demand, transportation costs, and environmental regulations. Higher demand in densely populated states like New York drives up prices, while transportation becomes more expensive in remote states like Alaska.
Stricter environmental regulations also drive up prices. For example, cities like Los Angeles and San Francisco require special fuel blends, which increase production costs.
What to expect in 2026?
Experts believe that prices may remain relatively low in 2026 if there are no major supply disruptions. According to the U.S. Energy Information Administration, energy prices may remain soft, although a temporary spike is possible due to increased summer travel. AAA data also confirms the decline.
Lower gasoline prices mean greater savings for consumers, lower operating costs for businesses, and better competitiveness for the regional economy. Therefore, fuel prices are not just limited to the pump, but are an important indicator of the entire economy.
FAQs
What is the average gas price in the U.S. in February 2026?
The national average is about $2.81 per gallon.
Which state has the cheapest gasoline right now?
Oklahoma currently has the lowest prices, around $2.34 per gallon.
Which state has the most expensive gas?
California remains the most expensive state for gasoline.
