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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

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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

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.

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