# US Gas Prices Drop 40 Cents to $4.29 as United States Oil Fund USO Gains

- URL: https://stocks.freetheai.org/news/us-gas-prices-drop-40-cents-to-4-29-as-united-states-oil-fund-uso-gains-2585d7
- Published: 2026-10-12T21:42:16Z
- Category: energy; sentiment: bullish; impact: medium
- Symbols: [AMEX:USO](https://stocks.freetheai.org/symbols/AMEX-USO)
- Written by our AI from expert market sources across the web for FreeTheAI Stocks, built by Vibhek Soni
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National average gasoline prices dropped 40 cents over the past week to $4.29 per gallon, while diesel prices fell roughly six cents to $6.248 per gallon. Georgia, Texas, and Ohio offered the lowest regular gas prices, while motorists in California, Hawaii, and Nevada paid the highest rates. In energy markets, the United States Oil Fund LP (USO) rose 1.91% to $151.03 on Monday, extending a 6% gain over the last five trading sessions.

Despite the weekly relief at the pump, fuel costs remain higher than a month ago and are up nearly 13 cents per gallon compared to the same period last year. Higher energy expenses have weighed on consumers since geopolitical conflict broke out earlier in the year. The oil fund's recent advance reflects underlying market strength, with the asset up more than 119% year-to-date in 2026 within a 52-week trading range of $65.99 to $163.35.

Market analysts warn that the price pullbacks may prove temporary due to several lingering risks. Investors and consumers should monitor potential supply disruptions from Hurricane Isaias affecting refineries, ongoing international geopolitical instability, and proposed trade shifts involving Russian diesel supplies.

## Key points

- The US national average gas price fell 40 cents per gallon over the past week to $4.29.
- National diesel prices dropped about six cents to $6.248 per gallon over the same period.
- United States Oil Fund LP (USO) closed up 1.91% at $151.03 on Monday and is up over 119% year-to-date.
- Regular gas remains about 12.8 cents per gallon higher than at this time last year.
- Ongoing geopolitical tension and Hurricane Isaias risks could disrupt refining and fuel supply.

## Questions and answers

### What is the current national average price for gasoline in the US?

The average national price of regular gasoline is $4.29 per gallon following a 40-cent drop over the past week, though prices remain higher than last month and last year.

### How has the United States Oil Fund performed recently?

The United States Oil Fund LP (USO) rose 1.91% to $151.03 on Monday. It is up 6% over the past five trading days and more than 119% year-to-date.

### Which US states have the highest and lowest gas prices?

Georgia, Texas, and Ohio recently recorded the lowest gasoline prices starting at $3.77 per gallon, while California, Hawaii, and Nevada had the highest averages, led by California at $6.26.