Oil costs hovering around $80 a barrel have helped push the national average for a gallon of gas four cents higher since last week to $3.10. Meanwhile, today’s national average per kilowatt hour of electricity at a public EV charging station remained at 34 cents.
“Domestic gasoline demand is low, so why are pump prices creeping higher? Look at the cost of oil,” said Andrew Gross, AAA spokesperson. “Global oil prices have surged due to strong winter heating fuel demand and new U.S. sanctions against Russia’s energy sector. Oil costs account for 56% of what you pay at the pump. So, more expensive oil leads to more expensive gas. But that said, there are still 26 states with averages below $3 a gallon for now.”
According to new data from the Energy Information Administration (EIA), gasoline demand fell from 8.48 million b/d last week to 8.32. Meanwhile, total domestic gasoline stocks rose from 237.7 million barrels to 243.6, while gasoline production popped last week, averaging 9.3 million barrels daily.
Today’s national average for a gallon of gas is $3.10, eight cents more than a month ago and three cents more than a year ago. How about you? Have you noticed a significant change in prices where you are?
Quick gas stats
The nation’s top 10 most expensive gasoline markets are Hawaii ($4.54), California ($4.41), Washington ($3.90), Nevada ($3.66), Oregon ($3.50), Pennsylvania ($3.32), Alaska ($3.31), Illinois ($3.25), Washington, D.C. ($3.23), and Florida ($3.22).
The nation’s top 10 least expensive gasoline markets are Mississippi ($2.66), Texas ($2.68), Oklahoma ($2.70), Arkansas ($2.71), Louisiana ($2.76), Kansas ($2.77), Kentucky ($2.77), Alabama ($2.79), Missouri ($2.79), and Tennessee ($2.80).
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C’mon Kentucky which is it? $2.76 or $2.77 ?? 😃
Hi, Bill. That was copied (not by me) directly from the AAA website, and I didn’t proof it since it had just been copied and pasted. AAA was wrong, so I think I’ve updated the list correctly. It should have shown Tennessee at $2.80 as the 10th state. Thanks! Have a good night. 😀 –Diane
Thank you, RV Travel. I noticed that Nashville, Tennessee gasoline prices are much higher, 20-30 cents/gallon more expensive, than they are in Chattanooga, Tennessee prices. Nashville is farher along the spur line off the Colonial Pipeline than Chattanooga, but difference in those transportation costs is negligible. Curious. Have a great weekend and safe travels! 🙂
Yes, but Tennessee, as a state, is now listed back in the bottom 10, woohoo!!
(thanks M.M. ! 😉 )
True enough, Bill, but Nashville is certainly a lead-weight on state average prices. If they followed Chattanooga’s lead, Tennessee might be challenging for a bottom-5 position. 😉 Still, I’m happy to be in the bottom-10. 🙂
👍-M.M.
Diane,
Kind of funny to see people commenting on a 1 or 2 cent difference in gas price. Not to scare anyone, but the incoming US administration is talking about 25% tariffs on Canadian imports into the US. Canada supplies about 60% of oil to the US. What will that do to the gas price?
Hi, Doug. If you’re talking about Bill’s comment, he was being facetious because Kentucky was listed in there twice. (Plus, with my being a nitpicky proofreader, and him being a pal of mine, he was giving me grief in a roundabout way.🤣) As far as upcoming gas prices, I guess we’ll find out, eh? (Notice how I included Canada in there?😉🤣) Have a good night. 😀 –Diane at RVtravel.com
Hello Diane. I posted a response to Doug W. It said pending approval. I said nothing wrong or adversarial. I do not see my response? Why is that?
Hi, Ed. Sorry for the late reply. It had been held by our filter for moderation (maybe because it had “Trump” in there?), but I see that Chuck approved it a few hours ago. Have a great day. 😀 –Diane
Thanks Diane. I hope you had a great Holiday Season.
One thing though, Trump is our President and the funny thing, I didn’t see anyone holding up posts when Biden was the mentioned name. That is an absolute horrible policy, if the mention of President Trump’s name gets your posts held up! Please forward that message to whoever is responsible for the policy. Thanks.
Hi, Ed. Well, I went into the list of terms which would trigger something to be held for moderation. Biden was in there, along with Trump. I’ve removed both of them (but might get in trouble for that; we’ll see). Since I watch the incoming comments continuously throughout the day, every day, I don’t think every single comment that comes in with those two names in them needs to be held for moderation, i.e., “overkill.” Just sayin’. Take care. And have a terrific 2025! 😀 –Diane
It will do absolutely nothing Doug. Just like it didn’t do anything when Trump was the president the last time. Gas prices were at approximately $2.29 per gallon when Trump left office. They immediately shot up to almost $3.00 per gallon, once the deep state took over the WH.
Trump is going to, once again, make us energy independent. Relax and enjoy the benefits Doug. Your are going to see the cessation of the destruction of our agricultural farmers and their crops and animals. Cows will once again be able to flatulate.
I thought prices were going to be lowered before he took office.
There is no way he can lower everyday prices if he adds global tariffs.
If you think gas prices are high now, just wait until Trump applies 25% tariffs on Canadian crude oil that ships to US refineries. The US consumer pays for that 25%, not Canada , that ( tax) tariff goes directly to Trump and billionaire (oligarchs) friends.
LOL, HAHAHA 🤣😂🤣😂
At one station that’s near me, 87 octane gas prices had been steady at $3.999 for months. A few days ago they went up to $4.099. An increase of 10 cents.
Happens every winter. Demand for heating oil increases and so does fuel prices.
Prices will drop again in Spring.
Nope