National average gasoline prices fell slightly for the second consecutive week as of May 25. The decline comes even as costs stay near their highest level in almost four years.
Weekly prices dropped two cents for both regular and premium grades. The national average for regular gasoline reached $4.48 per gallon, while premium averaged $5.43 per gallon.
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AAA’s daily state averages show that gasoline prices in late May 2026 were generally higher in several Democratic-led states—particularly on the West Coast—than in many Republican-led states, reflecting a mix of state fuel taxes, boutique fuel requirements, supply constraints and broader oil-market forces.
Gasoline prices stayed largely unchanged this week, remaining at their highest levels in nearly four years. The national average for regular fuel reached $4.49 per gallon as of May 18.
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The National Petroleum Company reported minor fuel price changes on Wednesday that take effect Thursday, May 7. 93-octane gasoline rises 0.1 pesos per liter and diesel falls 47.3 pesos, while kerosene stays the same.
Updated industry estimates project even larger diesel cuts of P24 to P26 per liter and gasoline P2.50 to P3.50 per liter starting April 21, up from earlier P17-P19 projections, as the global oil war premium continues to unwind—extending relief from the April 14 rollbacks amid the 2026 fuel crisis.
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Oil companies in the Philippines began implementing steep fuel price cuts on Tuesday, June 2, with diesel falling by P9.26 per liter. The Department of Energy set the reductions for the week of June 2 to 8.
Gasoline prices reached their highest level since the start of the Middle East conflict on Wednesday, May 6. The average price of super unleaded 95 stood at 2.03 euros per liter. The increase stems from the war and the paralysis of the Strait of Hormuz.
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Fuel prices in Brazil rose for the second consecutive week, according to ANP data released on March 13, 2026. Diesel saw an 11.8% increase, while gasoline rose 2.5%, reflecting the impacts of the war in Iran on international oil prices.