CHEYENNE, Wyo. — A 4-cent drop made Laramie County’s gas price the second cheapest in Wyoming this week.

The nation’s average price of gasoline also fell 1.4 cents over the last week, standing at $2.99 per gallon, according to GasBuddy data compiled from more than 12 million individual price reports. The national average is down 14.8 cents from a month ago and 6.6 cents from a year ago.

The national average price of diesel has increased 2.5 cents in the last week to stand at $3.663 per gallon.

AAA reports a national average price of $3.03, down 2 cents from last week. Wyoming’s state average fell 1 cent to $2.92, AAA said.

“The national average once again briefly dipped below the $3 per gallon mark, but the drop will be short-lived,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “Gas prices are likely to rebound soon in the Great Lakes states due to ongoing refinery challenges, while a new snag at a California refinery may slow the pace of declines on the West Coast. To top it off, OPEC+ announced another boost to oil production for December over the weekend, though they also signaled a pause in further increases from January through March.

“For now, expect the national average to hover in the low-$3 range, potentially drifting lower once refinery issues are resolved.”

Laramie County’s average price of $2.68 is Wyoming’s second lowest, up two spots from last week. The cheapest fuel in the county on Monday is $2.61 at Sam’s Club, 1948 Dell Range Blvd., followed by $2.63 at Maverik, 140 Gardenia Drive, and Loaf ‘N Jug, 534 Vandehei Ave., according to GasBuddy reports.

Wyoming’s cheapest fuel for the 11th straight week is in Natrona County, which has an average price of $2.56, down 9 cents from last week. Converse County toppled Campbell and Albany counties to offer the state’s third-cheapest average at $2.70.

Also included in GasBuddy’s report:

OIL MARKET DYNAMICS

Over the last week, oil markets have been a bit more tame, balancing new sanctions on Russian oil exports with OPEC’s weekend decision to again raise oil production for the month of December, keeping oil prices in check. In early trade, WTI crude oil was down 3 cents to $60.95 per barrel, a slight drop from last Monday’s $61.53 per barrel fetch. Brent crude oil was also slightly lower in early trade, down 4 cents to $64.73, down from $65.96 last Monday. “Oil prices have moved nearly sideways in recent days. While there is rising skepticism that the latest sanctions on Russian oil companies remove substantial oil supply from the market, large US oil inventory draws last week kept prices supported,” added Giovanni Staunovo, UBS commodities analyst, in an e-mail. “The OPEC+ decision to pause their supply increases during the seasonal weaker Q1 demand period is also giving moderate support.”

OIL AND REFINED PRODUCT SUPPLIES

The EIA’s Weekly Petroleum Status Report for the week ending October 24, 2025, showed U.S. oil inventories fell by 6.9 million barrels, and are about 6% below the seasonal average for this time of year, while the SPR rose 500,000 barrels to 409.1 million. Gasoline inventories fell by 5.9 million barrels and are about 3% below the five-year seasonal average, while distillate inventories fell by 3.4 million barrels and are about 8% below the five-year seasonal average. Refinery utilization fell 2.0 percentage points to 86.6%, while implied gasoline demand, EIA’s proxy for retail demand, rose 470,000 bpd to 8.924 million barrels per day.

GAS PRICE TRENDS

The most common U.S. gas price encountered by motorists stood at $2.99 per gallon, up 10 cents from last week, followed by $2.89, $2.79, $2.69, and $2.59, rounding out the top five most common prices.

The median U.S. gas price is $2.89 per gallon, up 2 cents from last week and about 10 cents lower than the national average.

The top 10% of stations in the country average $4.41 per gallon, while the bottom 10% average $2.37 per gallon.

The states with the lowest average prices: Oklahoma ($2.48), Texas ($2.48), and Louisiana ($2.53).

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The states with the highest average prices: California ($4.61), Hawaii ($4.43), and Washington ($4.23).

Biggest weekly changes: Indiana (-13.3¢), Texas (-10.0¢), Michigan (-9.8¢), Washington (-9.0¢), Iowa (-8.8¢)

DIESEL PRICE TRENDS

The most common U.S. diesel price stood at $3.69 per gallon, up 10 cents from last week, followed by $3.49, $3.79, $3.59, and $3.39, rounding out the top five most common prices.

The median U.S. diesel price is $3.59 per gallon, up 4 cents from last week and about 7 cents lower than the national average.

Diesel prices at the top 10% of stations in the country average $4.61 per gallon, while the bottom 10% average $3.04 per gallon.

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The states with the lowest average diesel prices: Texas ($3.15), Louisiana ($3.23), and Mississippi ($3.24).

The states with the highest average diesel prices: Hawaii ($5.21), California ($5.10), and Washington ($4.94).

Biggest weekly changes: New Jersey (+14.6¢), Florida (+10.4¢), Oklahoma (+7.7¢), Wyoming (+6.9¢), Nebraska (-6.8¢)

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