The national average for a gallon of gas dropped four cents since last week to $3.40. However, the steady, if slow, decline may gain speed after recent drops in the price of oil. Parked in the mid-$80s per barrel a week ago, oil is now hovering around the mid-$70s. Since it is the main ingredient in gasoline, less expensive oil usually leads to falling gas prices.
“We still need to cast a wary eye on global events, which may roil the oil market and spike prices,” said Andrew Gross, AAA spokesperson. “But domestic gas prices are amid their usual seasonal swoon. Pump prices have fallen or remained flat every day since September 19.”
This week, the Energy Information Administration (EIA) delayed its scheduled data releases, including its weekly estimates of gasoline supply and demand, to complete a planned systems upgrade. The EIA will resume its regular publishing schedule next week. However, given how the national average has declined this week, gas demand has likely remained flat or dipped, contributing to lower pump prices and falling oil prices.
Today’s national average of $3.40 is 30 cents less than a month ago and 40 cents less than a year ago.
Quick Stats
- Since last Thursday, these 10 states have seen the largest decreases in their averages: Montana (−17 cents), North Dakota (−15 cents), Colorado (−14 cents), South Dakota (−12 cents), Wyoming (−11 cents), Oklahoma (−11 cents), Arizona (−11 cents), Utah (−11 cents), New Mexico (−11 cents) and Kansas (−11 cents).
- The nation’s top 10 least expensive markets: Texas ($2.86), Georgia ($2.88), Mississippi ($2.88), South Carolina ($2.95), Louisiana ($2.96), Alabama ($2.98), Arkansas ($2.98), Oklahoma ($2.98), Tennessee ($2.99) and Delaware ($3.02).
Drivers can find current gas prices along their route using the AAA TripTik Travel planner.
##RVT1130b
Hmmmmm, not really feeling that low. I paid $5.07/gl today so not really feeling the low price love down here in Southern Nevada. Yes, it was 19 gallons of premium grade but why not get premium at $5.07 if regular is going to run you $4.79?
Depends on your vehicle, if the manufacturer doesn’t require premium then you are just wasting your money if all it requires is regular. Personally I haven’t bought premium since 1962 and my vehicles run perfect.
Yup, the vehicle in question is tuned for premium so regular was not an option anyhow. My comment was a bit more tonge in cheek on the regular v. premium with a why not just buy premium if regular is at $4.79. The JEEP, OTOH is tuned for regular and gets regular.
My 1962 Datsun 510, also drank regular what a rust bucket that car was, speaking of 1962.
Should have waited a day. Gas Buddy shows low to mid $4 for premium in Vegas today.
That happens to me too.
I just bought gas today in Longmont, Colorado, for $3.29 a gallon for regular. Yesterday, in Greeley, I saw it for $2.69 at one station! Hopefully, it gets below $3.00 statewide and stays there for awhile.
Around Chicago, diesel is still over $4 a gallon
Under the former president, averages were between $2.26 and $2.81. Looking forward to a return of those. https://www.forbes.com/sites/rrapier/2023/03/08/average-gasoline-prices-under-the-past-four-presidents/?sh=1d5ea31a64e6
Maybe the prices but not the other.
Probably won’t have one without the other, sorry…
Concur.
I’ll take both. They go together.
It’ll start getting cheaper as the election gets closer, politicians wanting us to think they are doing a good job.
Nope. It’s about to skyrocket. No way to hold it off for another year.
Remember, Biden is just an Obama extension. And Obama TOLD us that “energy prices will necessarily skyrocket in my administration……”
And almost everything more current is indicating an imminent sharp rise in energy costs……
Me, I’m going to buy a heavy duty motorcycle to pull my work trailer so I can beat the odds…..
Still averaging over $5/gal for regular in California
The same for me and many of our State maintained highways are in rough shape too.
They use those infrastructure taxes on gas to build bicycle paths for the few…….
2.84 a gallon after my .15 cent discount at the bp gas station on velp avenue in Green Bay Wisconsin
What an amusing article. Here in North California, Newsome added more taxes to a gallon of gas, we have the pleasure of being some of the highest in the nation
Grief…….
This is just the calm before the storm.
No way the [bleeped] can stave off the energy skyrocketing for another year, not enough left in the Strategic Reserve, and God Help Us when we need THAT to protect ourselves.