Gas Prices Fall Nationally for 4th Straight Week

Wholesale egg prices have fallen by more than 47 percent since Jan. 21.

A person puts gas in his car at a gas station in Greenville, S.C., on Feb. 3, 2024. Madalina Vasiliu/The Epoch Times

U.S. gas prices continued their downward trend for a fourth straight week, with prices currently hovering around $3 per gallon, according to gas price-tracking website GasBuddy.

“The national average is now $3.02/gal, while diesel averages $3.56/gal,” Patrick De Haan, head of petroleum analysis at GasBuddy, said in a March 17 post on X. “The most common price for gas: $2.99. For diesel, $3.69/gal. 34 states see average #gasprices below $3.”

Data from GasBuddy shows that the U.S. national monthly price of gas at the beginning of February and March was lower than last year’s prices, and also lower than the same time in 2023.

As of 6:55 p.m. ET on Tuesday, nationwide average gas prices were down 9.9 cents from a month back and 42.4 cents from a year ago.

Prices were mostly higher in western states such as California, Washington, Nevada, and Oregon. A gallon of gas costs over $4 per gallon in Washington and California.

The lowest prices were largely in the southern states such as Texas, Oklahoma, and Louisiana, where gas cost less than $2.70 per gallon.

In a March 17 statement on the situation, the White House said that President Donald Trump is “delivering needed economic relief.”

“After years of soaring prices and economic pain, the Trump Administration’s focus on cutting regulations and unleashing American energy is leading to stability for Americans’ bottom lines,” it said.

The highest nationwide average price of gas this year so far is $3.17 per gallon on Feb. 20. The lowest so far is $3.02 on March 17.

Since 2008, the highest-ever price registered was on June 16, 2022, at $5.03 per gallon.

Trump, who campaigned on boosting American energy production, issued a presidential action on his first day back in office to “encourage energy exploration and production on Federal lands and waters” to meet the nation’s energy needs and “solidify the United States as a global energy leader long into the future.”

The following day, the Department of Energy revoked a Biden-era regulation that restricted the export of liquefied natural gas, paving the way for increased capacity and strengthening of the sector.

Last month, a federal agency approved the construction of a deepwater port off the coast of Texas that is expected to ship up to 2 million barrels per day of crude oil to global markets.

The March 17 White House statement also highlighted the decline in egg prices.

“On January 21, 2025, the wholesale price for eggs was $6.55/dozen; today, it’s $3.45/dozen—a $3.10/dozen (-47.3 percent) decrease,” it said. “The average wholesale price for eggs has declined for three straight weeks.”

A combination of bird flu countermeasures and inflation had caused a surge in egg prices. In late February, Agriculture Secretary Brooke Rollins introduced a $1 billion initiative to combat avian flu and bring down egg prices.

The plan sets aside $500 million for biosecurity measures, $400 million to be provided as relief for farmers affected by the flu outbreaks, and $100 million for research on vaccines, as well as attempts to ease regulatory burdens in the sector by exploring temporary import options.

Last week, Rollins told reporters that while egg prices had lowered, they could rise again during the Easter season due to high demand.

White House Press Secretary Karoline Leavitt said during a press briefing that Rollins was being “honest and realistic with the American people” on the issue of egg prices. “It will take about three to six months to get the egg supply back where it should be.”