No U.S. state currently has gas prices as low as $1.98 per gallon at retail gas stations. This figure has been falsely claimed by former President Donald Trump, but data from multiple sources confirm that the national average price is around $3.16 per gallon, with the lowest state averages being in the range of about $2.66 to $2.70 per gallon, such as in Mississippi and Tennessee

. The $1.98 figure actually corresponds to the wholesale price of gasoline, specifically the Reformulated Gasoline Blendstock for Oxygen Blending (RBOB) futures contract, which briefly touched $1.98 per gallon in April 2025 on the New York Mercantile Exchange. However, this wholesale price does not reflect what consumers pay at the pump because it excludes costs like ethanol blending, transportation, taxes, and other fees

. Some individual gas stations may offer prices just under $2.00 per gallon temporarily, often due to loyalty programs or promotions, but these are exceptions and not representative of widespread state-level prices

. In summary, while wholesale gasoline prices have briefly touched $1.98 per gallon, no state retail gas prices have dropped to that level in 2025. The lowest retail prices are closer to $2.66 per gallon in some states, still significantly above $1.98