Laramie County Fuel Costs Fall Below $2.90 as National Gas Prices Hit Pandemic-Era Lows

Drivers in Laramie County are catching a break at the pump for the second week in a row, as gasoline prices across the US continue to decline, Cap City News reports.

According to new data from GasBuddy and AAA, Laramie County’s average gas price fell 10 cents this week to $2.89 per gallon — now the second lowest in Wyoming.

The national average for a gallon of regular gasoline dropped to $3.09, the lowest Independence Day price since 2020. Diesel prices followed suit, falling 3.2 cents to $3.64 per gallon nationally.

Patrick De Haan, head of petroleum analysis at GasBuddy, cited several contributing factors, including OPEC’s recent decision to increase oil production by 548,000 barrels per day starting in August.

“The downward momentum may continue,” he said, noting that if geopolitical tensions remain subdued and major storms avoid the Gulf Coast, the national average could dip below $3 per gallon later this summer.

In Wyoming, the statewide average gas price is now $3.11, a 5-cent drop from last week. Natrona County continues to offer the lowest fuel prices in the state at $2.72 per gallon, followed by Laramie County at $2.89, and Albany County at $2.93.

In Laramie County, the cheapest gas can be found at Sam’s Club on Dell Range Boulevard, priced at $2.69, and Moody’s Rock Stop on West Pershing Boulevard at $2.71, according to GasBuddy.

Oil prices held relatively steady early Monday following the OPEC production announcement. West Texas Intermediate (WTI) crude edged up to $67.02 per barrel, while Brent crude traded at $68.76.

According to the US Energy Information Administration (EIA), gasoline inventories rose by 4.2 million barrels last week, while overall US oil inventories climbed by 3.8 million barrels. Despite the gains, total oil stockpiles remain 9% below seasonal averages. Refinery utilization also increased slightly to 94.9%, although retail gasoline demand saw a notable dip.

The most common gas price across the US remains $2.99 per gallon, while the national median price stands unchanged at $2.99 — about 10 cents below the average.

On the high end, California drivers are paying an average of $4.50 per gallon, the most expensive in the nation, followed by Hawaii and Washington. The cheapest states include Oklahoma ($2.63), Texas ($2.65), and Mississippi ($2.66).

Diesel trends show similar regional disparities. The lowest average diesel prices are found in Texas, Mississippi, and Louisiana, while Hawaii, California, and Washington top the charts with the highest rates.