Advertiser Disclosure

12 States That Have Seen the Biggest Drop in Gas Prices Since 2023

August 7, 2025

2 min Read

Written by Gabrielle Olya

Edited by Levi Leidy

Commitment to Our Readers

GOBankingRates' editorial team is committed to bringing you unbiased reviews and information. We use data-driven methodologies to evaluate financial products and services - our reviews and ratings are not influenced by advertisers. You can read more about our editorial guidelines and our products and services review methodology.

20 YearsHelping You Live Richer

Reviewed by Experts

Trusted by Millions of Readers

While inflation continues to strain household budgets, there’s one bright spot — gas prices are falling. According to Payless Power, the national average price of gasoline has dropped by 12% since 2023 — and in some states, the decline has been even steeper.

Here are the 12 states where gas prices have dropped the most over the past two years.

Colorado

Drop in gas prices (2023-2025): -$0.86

Utah

Drop in gas prices (2023-2025): -$0.50

New Mexico

Drop in gas prices (2023-2025): -$0.47

Arizona

Drop in gas prices (2023-2025): -$0.46

Nevada

Drop in gas prices (2023-2025): -$0.43

Michigan

Drop in gas prices (2023-2025): -$0.39

Hawaii

Drop in gas prices (2023-2025): -$0.38

Maine

Drop in gas prices (2023-2025): -$0.37

Louisiana

Drop in gas prices (2023-2025): -$0.37

Top Offers for {{current_month-name}} {{current_year}}

Ohio

Drop in gas prices (2023-2025): -$0.37

North Dakota

Drop in gas prices (2023-2025): -$0.37

Tennessee

Drop in gas prices (2023-2025): -$0.36

Editor’s note: Data was sourced from Payless Power and is accurate as of July 3, 2025.

More From GOBankingRates

Got a Money Question?
Win $500 Just for Asking.

Thanks!

You're now entered for a chance to win $500. Check your inbox for more details.

BEFORE YOU GO

See Today's Best
Banking Offers