12 States That Have Seen the Biggest Drop in Gas Prices Since 2023

While inflation continues to strain household budgets, there’s one bright spot — gas prices are falling. According to Payless Power, the national average price of gasoline has dropped by 12% since 2023 — and in some states, the decline has been even steeper.

Here are the 12 states where gas prices have dropped the most over the past two years.

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Colorado

• Drop in gas prices (2023-2025): -$0.86

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Utah

• Drop in gas prices (2023-2025): -$0.50

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New Mexico

• Drop in gas prices (2023-2025): -$0.47

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Arizona

• Drop in gas prices (2023-2025): -$0.46

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Nevada

• Drop in gas prices (2023-2025): -$0.43

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Michigan

• Drop in gas prices (2023-2025): -$0.39

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Hawaii

• Drop in gas prices (2023-2025): -$0.38

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Maine

• Drop in gas prices (2023-2025): -$0.37

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Louisiana

• Drop in gas prices (2023-2025): -$0.37

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Ohio

• Drop in gas prices (2023-2025): -$0.37

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North Dakota

• Drop in gas prices (2023-2025): -$0.37

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Tennessee

• Drop in gas prices (2023-2025): -$0.36

Editor’s note: Data was sourced from Payless Power and is accurate as of July 3, 2025.

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This article originally appeared on GOBankingRates.com: 12 States That Have Seen the Biggest Drop in Gas Prices Since 2023