As the global economy experiences periods of downturn or recovery, the oil demand fluctuates accordingly, causing price spikes or dips in gas prices like we’re seeing lately. There are other factors, too, like global events, geopolitical conflicts, and natural disasters that create shifts in global demand for oil, further complicating price fluctuations.
Trucking companies like yours are feeling these factors affect your bottom line, which can add a lot of stress to your business. In the U.S., current 2023 gas prices are among some of the highest since 2018 and continue to tick upward this month—so how do you combat such prices? Knowing the best places to stop and fill up during long hauls can make a big difference in your fuel budget, so check out our list to find the state with the cheapest gas.
States With the Cheapest Gas
Listed from cheapest to most expensive, here are the top 10 states with the cheapest gas prices that will save you money when refueling.
- Mississippi
- Regular gas: $3.329
- Midgrade gas: $3.687
- Premium gas: $4.047
- Diesel gas: $3.750
- Louisiana
- Regular gas: $3.435
- Midgrade gas: $3.807
- Premium gas: $4.158
- Diesel gas: $3.780
- Alabama
- Regular gas: $3.450
- Midgrade gas: $3.824
- Premium gas: $4.200
- Diesel gas: $3.869
- Kentucky
- Regular gas: $3.461
- Midgrade gas: $3.908
- Premium gas: $4.306
- Diesel gas: $3.934
- Ohio
- Regular gas: $3.469
- Midgrade gas: $3.916
- Premium gas: $4.367
- Diesel gas: $4.101
- Tennessee
- Regular gas: $3.483
- Midgrade gas: $3.862
- Premium gas: $4.218
- Diesel gas: $3.920
- Texas
- Regular gas: $3.494
- Midgrade gas: $3.878
- Premium gas: $4.206
- Diesel gas: $3.737
- Arkansas
- Regular gas: $3.495
- Midgrade gas: $3.852
- Premium gas: $4.235
- Diesel gas: $3.865
- South Carolina
- Regular gas: $3.538
- Midgrade gas: $3.923
- Premium gas: $4.277
- Diesel gas: $3.917
- Oklahoma
- Regular gas: $3.563
- Midgrade gas: $3.868
- Premium gas: $4.134
- Diesel gas: $3.821
States With the Most Expensive Gas
Consider these 10 states during transportation since they are the most expensive options in the country.
- California
- Regular gas: $5.037
- Midgrade gas: $5.237
- Premium gas: $$5.389
- Diesel gas: $5.395
- Washington
- Regular gas: $4.985
- Midgrade gas: $5.205
- Premium gas: $5.410
- Diesel gas: $5.031
- Hawaii
- Regular gas: $4.726
- Midgrade gas: $4.922
- Premium gas: $5.167
- Diesel gas: $5.676
- Oregon
- Regular gas: 4.639
- Midgrade gas: $4.819
- Premium gas: $5.039
- Diesel gas: $4.545
- Alaska
- Regular gas: $4.394
- Midgrade gas: $4.562
- Premium gas: $4.774
- Diesel gas: $4.212
- Nevada
- Regular gas: $4.326
- Midgrade gas: $4.569
- Premium gas: $4.815
- Diesel gas: $4.389
- Utah
- Regular gas: $4.096
- Midgrade gas: $4.319
- Premium gas: $4.514
- Diesel gas: $4.089
- Illinois
- Regular gas: $4.043
- Midgrade gas: $4.520
- Premium gas: $4.944
- Diesel gas: $4.137
- Idaho
- Regular gas: $3.990
- Midgrade gas: $4.208
- Premium gas: $4.446
- Diesel gas: $4.027
- Colorado
- Regular gas: $3.970
- Midgrade gas: $4.340
- Premium gas: $4.641
- Diesel gas: $4.031
Ways to Save on Gas
Aside from knowing the gas prices by state, here are some of the other strategies to save money on gas expenses and help you stay within your budget.
- Download gas apps. Take advantage of technology by downloading gas apps that provide real-time information on gas prices in your area. These apps can help you locate the nearest pump station with the lowest prices, ensuring you always fill up at the most cost-effective spot.
- Enroll in gas reward programs. Many gas stations offer reward programs that allow you to accumulate points or earn discounts on future purchases. By enrolling in these programs, you can save on gas with every visit to the pump, making your fuel expenses more budget-friendly in the long run.
- Buy gas with a rewards credit card. Consider using a credit card that offers rewards or cashback on gas purchases. By using such a card every time you fill up, you can earn back a percentage of your spending and ultimately reduce the overall cost of fuel.
- Buy gas on a Monday. According to surveys, gas prices are often the cheapest at the beginning of the week, particularly on Mondays. By planning your fuel purchases accordingly, you can take advantage of this trend and save a few extra cents per gallon.
- Maintain your vehicle. Regular vehicle maintenance, such as keeping tires properly inflated, getting regular oil changes, and replacing air filters, can significantly improve your vehicle’s fuel efficiency. A well-maintained vehicle consumes less gas, translating into more savings for your business.
Stay on the Road with Summit Fleet
The trucking industry is getting more and more competitive every year, and while gas prices can take a toll on your company, there are also more ways to save money in 2023. With Summit Fleet, we make it easy to save much more in purchase and depreciation costs to help businesses with their bottom line. Instead of investing your money into purchasing and maintaining vehicles that depreciate over time, you can rent exactly what you need, knowing your vehicle will run as efficiently as possible. Read more on how Summit Fleet can help you save today.
