In Texas, you can purchase 16.20 gallons of fuel for $50, which would allow you to travel approximately 356 miles in a Ford F-150.  -  Photo: FINN

In Texas, you can purchase 16.20 gallons of fuel for $50, which would allow you to travel approximately 356 miles in a Ford F-150.

Photo: FINN

A new study by car subscription provider, FINN, has looked at the average prices of regular, mid-grade, premium, and diesel gas in each U.S. state to determine which state has the best value for fuel in 2023. The full report also details the states with the most expensive gas and states where you can travel the furthest distance and shortest distance.

So, where's the cheapest gas right now? Check out our more recent report! Or take a look at what FINN found as of March 2023:

The best U.S. states for the cheapest gas prices.  -  Source: FINN

The best U.S. states for the cheapest gas prices.

Source: FINN

Texas has the cheapest gasoline prices in the U.S., where the average cost is $3.086 per gallon. Texas is the second-largest state by both area and population, and also has gas prices which are $0.37 cheaper than the national average. Across the U.S., Texas ranks sixth for daily travel with 17,123 lane miles and is also in sixth place for an increase in vehicle miles of travel since 2000, with a rate of 49%.

Mississippi has the least expensive gas prices in the U.S., with an average cost of $3.124 per gallon. There are four states that border Mississippi - Alabama, Louisiana, Arkansas, and Tennessee — all of which have higher gas prices. Since 2000, the residents of Mississippi have increased their miles of travel by 45%, which is a whopping 19% higher than the national average.

In third place for the cheapest gas rates in the U.S. is Oklahoma, with an average cost of $3.136 per gallon. Of the six states that border Oklahoma, only Texas has cheaper gas prices. Regular gas in Missouri also has an average price of $3.136, however, prices of other types of gas, such as diesel, tend to be higher in Missouri than they are in Oklahoma. 

Further Findings

  • Hawaii is the state with the most expensive gas prices, having an average cost of $4.907 per gallon of gas, which is $1.821 more expensive than Texas.
  • New Hampshire has had the smallest increase in gas prices over the last 10 years, increasing from $3.058 to $3.377 per gallon of fuel and rising by just 10.43%. 
  • Arizona has had the smallest increase in gas prices over the last 20 years, rising from $1.167 to $3.508 per gallon of fuel, increasing by 200.60%. 
  • In Texas, you can purchase 16.20 gallons of fuel for $50, which would allow you to travel approximately 356 miles in a Ford F-150. This is about 4 miles more than you would get in the state of Mississippi and 6 miles more than in Missouri.

Understanding Fleet Costs: Best Practices in Managing Fuel Spend

Originally posted on Automotive Fleet

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