
Gas prices hold steady as summer drifts by
National average for gas sits at $3.16, holding flat for the week and down sharply from a year ago.
Stable crude oil prices and rising gasoline supply keep pump prices subdued.
EV charging costs remain unchanged, with state-by-state variations continuing to shape the affordability map.
Drivers across the U.S. are enjoying a calm, steady stretch at the gas pump this summer, with the national average for a gallon of regular gas ticking in at $3.16 — virtually unchanged from a week ago and significantly below 2024 levels.
Gas prices, which historically fluctuate in summer months, have shown little volatility in 2025. Crude oil remains relatively cheap, averaging about $65 per barrel. Compared to last month, when gas averaged $3.22, and a year ago, when it was $3.51, this summer’s fuel landscape is notably easier on the wallet.
Fuel demand rises, but prices stay grounded
According to the latest data from the Energy Information Administration (EIA), gasoline demand rose last week from 8.48 million to 8.96 million barrels per day. Despite this uptick, prices have not spiked — a reflection of an ample domestic gasoline supply and increased production, which averaged 9.4 million barrels per day.
Crude oil inventories, meanwhile, saw a modest decline of 3.2 million barrels last week. Total U.S. crude reserves now stand at 419 million barrels — about 9% below the five-year seasonal average. Even with this dip, oil prices remain stable, with West Texas Intermediate (WTI) crude settling at $65.25 per barrel as of Wednesday.
State-by-state
Price differences between states remain stark. California leads the pack with the highest average gas price at $4.48 per gallon, followed closely by Hawaii ($4.46), Washington ($4.38), and Oregon ($3.98). On the other end of the spectrum, Mississippi drivers pay just $2.70 per gallon — the cheapest in the nation — with Louisiana, Oklahoma, and Texas close behind.
Electric vehicle drivers also saw no change in pricing, with the national average at public charging stations remaining at 36 cents per kilowatt hour. However, regional differences continue to matter. West Virginia tops the list for the highest average charging rate at 52 cents/kWh, while Kansas offers the most affordable rate at just 25 cents/kWh.
Planning Ahead
For travelers mapping out summer road trips, the AAA TripTik Travel planner remains a helpful tool for identifying current gas and EV charging prices along any route — a useful feature in a season marked by cost-conscious driving.
With pump prices flat and no major oil shocks on the horizon, the summer of 2025 is shaping up to be one of the calmest fuel-wise in recent memory.

Ford rolls out “Zero, Zero, Zero” deal after strong first half
- Ford’s employee-pricing-for-all promo boosted first-half sales, helping offset tariff impacts.
The new “Zero, Zero, Zero” deal offers no money down, no payments for 90 days, and 0% interest for 48 months on many 2024 and 2025 models.
Popular trucks, Broncos, and electric models like the F-150 Lightning remain excluded from the new offer.
After a strong first half of 2025, Ford is shifting gears from its successful employee-pricing-for-all program to a fresh sales incentive called the “Zero, Zero, Zero” offer.
Kicking off July 8, the campaign gives customers a chance to get into eligible Ford and Lincoln vehicles with zero down payment, zero percent financing for 48 months, and no payments for the first 90 days.
The strategy, according to Ford’s U.S. sales and dealer relations director Rob Kaffl, aims to help buyers facing squeezed budgets from high mortgage rates and summer expenses.
Some exceptions
However, while the deal covers a broad lineup—including the Escape, Explorer, F-150, Mustang, and several Lincoln SUVs—Ford has carved out significant exclusions.
Models like the 2024 and 2025 Raptors, Maverick, Ranger, Super Duty trucks above XL trim, Transits (except ICE cargo and passenger vans), 2025 Broncos and Bronco Sports, Expeditions, Lincoln Navigators, and electric vehicles like the F-150 Lightning and Mustang Mach-E won’t qualify for the new promotion.
In addition, Ford is sweetening the pot for EV shoppers by extending its Ford Power Promise through September 30. Buyers or lessees of eligible electric vehicles will continue to receive a complimentary SAE Level 2 home charger along with free installation, reinforcing the automaker’s bid to maintain EV momentum despite a cooling market.

Long-term auto loans hit record as car buyers struggle with costs
Key takeaways:
84-month auto loans hit a record 19.8% of new-car financing in Q1 2025
Affordability remains a top concern amid $1,000+ payments and high APRs
Experts warn tariffs and limited 0% deals could worsen affordability crisis
Nearly one in five Americans who bought a new car in the first quarter of 2025 committed to an 84-month loan — the longest common auto financing term — signaling growing financial strain in the car market, according to a new report by Edmunds.
In its latest quarterly analysis, the automotive research firm revealed that 19.8% of new-vehicle buyers signed up for seven-year loans, up from 15.8% in Q1 2024 and 13.4% in 2019. The trend highlights a shift toward financial extremes as consumers either stretch out payments to lower monthly costs or shorten terms to take advantage of targeted incentives.
“The auto finance market showed signs of steadiness in Q1, but that stability doesn’t mean affordability has improved,” said Jessica Caldwell, head of insights at Edmunds. “When one in five new-car buyers are taking on seven-year loans, it’s clear how many consumers are still financially stretched.”
$1,000+ monthly payments are common
Despite slightly easing from Q4’s holiday-fueled luxury buying surge, 17.7% of new-car buyers in Q1 2025 agreed to monthly payments of $1,000 or more, a level that remains historically high. In Q1 2024, the number was 17.3%.
Meanwhile, the average amount financed was $41,473, only a modest decline from Q4’s $42,113, showing little relief for buyers.
Mid-ground financing shrinks
While long loans surge, short-term financing also saw some growth among creditworthy shoppers: 10.2% of buyers took loans of 48 months or less, up from 7.1% in 2019. However, traditional loan terms of 60 to 75 months are fading, now making up 67.4% of loans — down from nearly 78% six years ago.
This polarization reflects a market where buyers are increasingly making tough choices to afford their vehicles, whether through extended debt or selective short-term deals.
0% financing fades away
The once-popular 0% finance offer has nearly disappeared, accounting for only 1.0% of all new-car loans — a record low. These incentives made up 3.0% of loans just a year ago, but have vanished in today’s 7.1% average APR environment.
“The era of ‘free money’ car loans is over,” analysts noted.
Potential policy lifeline
In the face of tightening budgets, some relief may come from Washington. President Trump has floated a proposal to allow interest paid on loans for American-made vehicles to be tax deductible. While the policy’s details are still unclear, Edmunds estimates that the average new-car buyer in Q1 paid $9,231 in interest over the life of their loan.
“If implemented, a deduction could offer meaningful savings — the kind that covers a vacation or home upgrade,” said Caldwell. “But without specifics on how ‘American-made’ is defined or who qualifies, its true impact is hard to predict.”
Tariffs add uncertainty
Adding further tension to the market is the new round of auto tariffs, which officially went into effect on April 3. Caldwell warned these could “add fuel to the fire,” potentially making new vehicles even less affordable and further increasing reliance on ultra-long-term financing.
Bottom line: With both interest rates and vehicle prices remaining stubbornly high, affordability remains the defining challenge for new-car shoppers in 2025 — and it’s pushing more consumers to the financial edge.
















