Gas prices: Second consecutive week day in which prices dropped

Published May 12, 2026 6:26am ET | Updated May 12, 2026 8:43am ET



The national average price for a gallon of regular gasoline dropped on Tuesday to $4.504. It marks the second consecutive day this week that gas prices have decreased, after a string of days earlier this month when fuel costs soared to yearly highs.

During this time last week, the national average price for a gallon of regular gas increased by 30 cents over seven days, going from $4.176 to $4.483. And while still more expensive than a week ago, and a month ago when the national average price was $4.125, Tuesday’s fuel costs are headed in the right direction for consumers. Moreover, today’s fuel prices are lower than the year-to-date high of $4.56 per gallon, set last week, according to AAA.

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