The 7 States with the Cheapest Gasoline

Whether you're hitting the road or flying the friendly skies, the price tag of your holiday travel will likely be significantly affected by the price of gasoline.

Whether you’re hitting the road or flying the friendly skies, the price tag of your holiday travel will likely be significantly affected by the price of gasoline.

The good news: Prices are at some of their lowest rates in years.

In fact, one station in Oklahoma City briefly sold gas for just $1.99 per gallon earlier this month. That’s the first time a US gas station has sold gas for less than $2 per gallon since July 30, 2010, according to GasBuddy.com, which tracks gas price data in the US and Canada.

As of last week, GasBuddy’s senior petroleum analyst, Gregg Laskoski, said 15% of US gas stations had prices below $2.50 per gallon. However, the prices vary significantly from state to state, thanks in part to differing state gas taxes.

What follows is a look at which states had the cheapest gas prices in the US last week. The data are taken from Friday, Dec. 12, and reflect the price of a gallon of regular gasoline. Nationally, the average price was $2.596, down from $2.925 just one month ago.

Gas price data below comes from GasBuddy. Each capsule also contains a look at the taxes and fees each state adds to gasoline sales. Those figures come from the American Petroleum Institute. Finally, since oil-producing states tend to have lower prices, the capsules also contain a look at how much crude oil the state produced per day in 2013, according to the US Energy Information Administration.

Regular Gallon: $2.430

Cheapest Cities: Chattanooga ($2.338) and Memphis ($2.369)

Total State Taxes/Fees: 21.40 cents per gallon

Average Crude Oil Production Per Day (2013): 1,000 barrels

Regular Gallon Price: $2.421

Cheapest Cities: Shreveport ($2.368) and Baton Rouge ($2.394)

Total State Taxes/Fees: 20.01 cents per gallon

Average Crude Oil Production Per Day (2013): 197,000 barrels

Regular Gallon Price: $2.390

Cheapest Cities: Spartanburg ($2.301) and Greenville ($2.347)

Total State Taxes/Fees: 16.75 cents per gallon

Average Crude Oil Production Per Day (2013): N/A

Regular Gallon Price: $2.382

Cheapest City: Jackson ($2.377)

Total State Taxes/Fees: 18.78 cents per gallon

Average Crude Oil Production Per Day (2013): 66,000

Regular Gallon Price: $2.378

Cheapest Cities: Lubbock ($2.254) and Amarillo ($2.269)

Total State Taxes/Fees: 20.00 cents per gallon

Average Crude Oil Production Per Day (2013): 2.52 million

Regular Gallon Price: $2.354

Cheapest Cities: Oklahoma City ($2.275) and Tulsa ($2.373)

Total State Taxes/Fees: 17.00 cents per gallon

Average Crude Oil Production Per Day (2013): 314,000 barrels

Regular Gallon Price: $2.314

Cheapest Cities: Kansas City ($2.299) and St. Louis ($2.324)

Total State Taxes/Fees: 17.30 cents per gallon

Average Crude Oil Production Per Day (2013): 1,000 barrels