US Gas Prices Fall to 12-Week Low: 3.777 USD/gallon

The average national gasoline price in the United States has just hit its lowest point in the last 12 reporting periods, according to data from the US Energy Information Administration (FRED). For the week ending 06/07/2026, the average retail price was 3.777 USD per gallon — lower than any recorded level since late April 2026, when prices stood at 4.044 USD. This is noteworthy news for the Vietnamese American community driving to work daily, operating rideshare services, or planning summer road trips.

Compared to the previous week (29/06/2026, at 3.831 USD), the gas price fell by 0.05 USD, equivalent to a 1.41% decline. This is also the ninth consecutive week of declining gas prices — a fairly long streak when looking back at the last 12 periods, when prices peaked at 4.5 USD on 11/05/2026. The average across this entire 12-week period is 4.18 USD, meaning the current price is 9.55% below that average.

National average gas price (weekly)

However, the longer-term picture tells a different story. Compared to the same period last year (07/07/2025), when gas prices stood at only 3.125 USD, the current level is still 20.86% higher. In other words, although it has just set a 12-week low, today's gas price remains significantly more expensive than a year ago. Looking at all 56 data points since 16/06/2025 — a period with a peak of 4.5 USD and a low of 2.78 USD — the current price ranks at the 73rd percentile, meaning it remains higher than most points over the past year and is not necessarily cheap by historical standards.

To put this in the context of overall purchasing power, the US Consumer Price Index (CPI) for May 2026 stood at 335.123 points, up 4.25% compared to the same period last year, according to the US Bureau of Labor Statistics (BLS). While gas prices have been declining for nine consecutive weeks and are 9.55% below the 12-week average, the overall consumer price increase remains at 4.25% year-over-year — these two figures are not moving in the same direction, suggesting that cheaper gas does not mean the overall cost of living for Vietnamese American families is cooling at a similar rate.

For Vietnamese American drivers watching their wallets at every fill-up, the key figure to remember is: the current price of 3.777 USD/gallon is the lowest in the last 12 weeks, but it is still 20.86% higher than the 3.125 USD price from the same period last year — meaning the recent decline has only offset a portion of the increased costs compared to a year ago, and has not yet brought gas prices back to those earlier levels.

Data source: U.S. Energy Information Administration (FRED) ↗ · Chart and analysis by Saigon Sentinel