diff --git a/eth/gasprice.go b/eth/gasprice.go
index f5b241e2c..6f46559a2 100644
--- a/eth/gasprice.go
+++ b/eth/gasprice.go
@@ -159,6 +159,10 @@ func (self *GasPriceOracle) SuggestPrice() *big.Int {
 	base := self.lastBase
 	self.lastBaseMutex.Unlock()
 
+	if base == nil {
+		base = self.eth.GpoMinGasPrice
+	}
+
 	baseCorr := new(big.Int).Mul(base, big.NewInt(int64(100+self.eth.GpobaseCorrectionFactor)))
 	baseCorr.Div(baseCorr, big.NewInt(100))