The AAA national average for a gallon of regular gasoline fell to $4.076 Friday, down 1.7 cents from Thursday and 9 cents below last week. It marks the second consecutive daily decline and the lowest national average since late March.
The decline reflects crude oil's dramatic sell-off. WTI crashed 11.45% Friday to $83.85 on the Strait of Hormuz reopening news. Lower crude typically flows through to pump prices within 1-2 weeks.
California remains the most expensive state at $5.847. Oklahoma is cheapest at $3.418. Texas sits at $3.726, Hawaii at $5.642, and the Northeast cluster (NJ, MA, DE) all below $4.
Despite recent declines, prices remain 29% above year-ago levels. Diesel eased to $5.593 nationally, still elevated due to tight global distillate supplies that are taking longer to ease than gasoline.