Gas Stations NAICS 457120

Dec 26, 2025 - Gas Prices at Four-Year Lows

• On December 1, the average retail price of regular gasoline fell to $2.98 per gallon, according to the US Energy Information Administration’s (EIA) latest Gasoline and Diesel Fuel Update. Adjusted for inflation, the Dec. 1 price was the lowest average US gasoline price since February 2021. EIA credited the drop in the pump price to the falling price of crude oil, which typically accounts for about half of the retail gasoline price. On Dec. 1, regular gasoline prices ranged between a low price of $2.55 per gallon on the Gulf Coast and a high price of $4.03 per gallon on the West Coast. Industry watchers expect gas prices to continue to fall over the next few weeks. While the Trump administration has been quick to take credit for falling gas prices, experts point to a market-based explanation for the decline.
• An expected above-average Atlantic hurricane season raises the risk of weather-related supply disruptions and higher prices at the pump, the US Energy Information Administration said in May. High winds and flooding from hurricanes can damage offshore oil platforms or refineries concentrated along the Gulf Coast in Texas and Louisiana. That concentration means more than 1 million barrels per day of US refining capacity – roughly 5% of daily domestic petroleum consumption – is likely to be shut in anticipation of a major storm, per the EIA. Hurricane experts at Colorado State University are predicting a 70% storm chance and 44% hurricane chance this year for Texas, and 74% storm chance and 46% hurricane chance for Louisiana. Five hurricanes made landfall in the US in 2024, knocking out millions of barrels of oil and gas output and disrupting fuel supply in Florida, the agency said.

• President Trump has moved to pull the plug on the National Electric Vehicle Infrastructure program (NEVI), his predecessor’s initiative to build a nationwide network of EV charging stations, Politico reports. In February, Trump instructed states not to spend federal funds previously allocated to them under the program. In a letter to state transportation directors, the Federal Highway Administration said that it was scrapping guidance issued in 2023 implementing the NEVI program. However, the letter says states will be able to receive reimbursements for “existing obligations” to design and build stations "in order to not disrupt current financial commitments.” Whether Trump can choose not to spend funds allocated by congress is likely to face legal challenges. Still, the administration’s move to block future EV charging station construction and, more broadly, Trump’s pro-fossil-fuel policies, brighten the outlook for suppliers of traditional motor fuels.
• Producer prices for gasoline stations were flat in September compared to a year ago, after spiking 21% in the previous September-versus-September annual comparison, according to the latest US Bureau of Labor Statistics data. The average retail price for regular motor gasoline was $3.17 per gallon in September, down 1.5% from September 2024, according to the Bureau of Transportation Statistics. Employment by gas stations continued to decline, down 2.2% YoY in August, while the average industry wage rose 3.1% over the same period to $18.50 per hour, $0.20 shy of its record high in January 2025, BLS data show.