Gas prices: Slight increase at the pumps to begin February
3 minute readPublished: Monday, February 2, 2026 at 11:01 am
Gas Prices Rise Slightly, Remain Lower Than Last Year
Gas prices across the United States have experienced a slight increase at the beginning of February, according to recent reports. The national average for a gallon of regular gasoline has risen to $2.87, a change attributed to recent winter storms that disrupted supply chains. These storms caused disruptions in crude production and refinery operations, while demand increased as drivers prepared for the severe weather.
Despite the recent uptick, current prices remain significantly lower than those of a year ago. Data from AAA indicates that a gallon of regular gas cost $3.098 last year.
The current price landscape contrasts with the fuel costs experienced during the Biden administration. The average cost for a gallon of regular gas during that time was $3.555, according to the U.S. Energy Information Administration. This period included the highest yearly average in U.S. history, reaching $4.059 per gallon in 2022, and a record monthly average of $5.032 per gallon in June 2022.
Fuel costs have declined during the second term of President Donald Trump.
Regional variations in gas prices persist. While the West Coast typically experiences the highest prices, the lowest prices are currently found in Oklahoma, with a statewide average of $2.369 per gallon. Greer County, Oklahoma, boasts the lowest countywide average at $2.169 per gallon. Other states with low gas prices include Arkansas, Mississippi, Kansas, and Louisiana.
Conversely, Hawaii currently has the highest gas prices in the nation, averaging $4.393 per gallon. California follows closely behind, with an average of $4.355. Washington, Oregon, and Alaska also have some of the highest gas prices in the country.
BNN's Perspective: While the recent increase in gas prices is a concern for consumers, the overall trend of lower prices compared to last year is a positive development. The impact of winter storms on supply chains highlights the vulnerability of the energy market to external factors. The disparity in regional prices underscores the importance of understanding local market dynamics.
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