National gasoline prices dropped across the United States as of July 6, 2026, even as Texas experienced a slight weekly increase and crude oil prices triggered a technical market breakout.
According to data compiled by GasBuddy from more than 11 million weekly price reports covering over 150,000 stations, the U.
S.
average price of gasoline fell 6.8 cents per gallon in the last week to $3.71/g.
Conversely, a survey of 13,114 stations by GasBuddy showed Texas average retail prices rose 3.0 cents per gallon over the same period to $3.26/g, though this remains 33.1 cents lower than a month ago.
Market variations across Texas showed the cheapest fuel priced at $2.81/g and the most expensive at $4.49/g, while regional averages reached $3.34/g in Midland-Odessa, $3.32/g in San Antonio, and $3.31/g in Austin.
Meanwhile, the national average price of diesel decreased 11.8 cents compared to a week ago to stand at $4.758 per gallon.
"Average gasoline prices fell in nearly every state over the last week, with diesel declining in all 50, pushing the national average to approximately $3.74 per gallon this July 4 — the third most expensive Independence Day on record, but well off the peak of $4.57 per gallon seen in May," said Patrick De Haan, head of petroleum analysis at GasBuddy.
De Haan noted that 41 states currently maintain average gasoline prices below $4 per gallon, while 37 states see average diesel prices under $5.
"However, continued Ukrainian attacks on Russian refinery infrastructure have forced Russia to shift from fuel exporter to importer, tightening global supplies and putting upward pressure on crack spreads — explaining why pump prices haven't fallen as sharply as oil prices might suggest.
Until the refining supply picture improves, significant further drops at the pump may be limited," said Patrick De Haan.
In the underlying energy markets, West Texas Intermediate (WTI) crude oil experienced a sharp rally on July 8, 2026, breaking above a descending trend line that capped gains since late June.
According to an FX Daily Report market analysis, WTI climbed from a $69.00 support zone to a high near $72.81 per barrel, supported by a shorter-term ascending trend line connecting higher lows.
Technical indicators showed signs of buyer exhaustion near the recent peak, with the 100 SMA remaining below the 200 SMA, suggesting potential pullbacks toward Fibonacci retracement levels at $70.64, $69.97, or $69.30.
Concurrently, Robinhood Derivatives LLC listed prediction event contracts tracking the front-month settle price for a barrel of WTI light sweet crude oil on the Intercontinental Exchange for July 9, 2026.
