If you are braving this summer’s exceptional heat, there may be no clouds, but there is one silver lining. The summer is hot—gas prices are not. Gas prices dropped this last week, says AAA.
Gas prices drop—”Terrible demand number for gasoline”
“The national average for a gallon of gas fell four cents to $3.50 since last week. The likely cause is the terrible demand number for gasoline, as folks may be curtailing driving amid sizzling summer temperatures.
“The arrival of summer used to signal the start of a robust driving season, but that has not been the case recently,” said Andrew Gross, AAA spokesperson. “We know that a record number of travelers were forecast to hit the highways for the July 4th holiday, but since then, they appear to be staying off the road, and the recent scorching heat is possibly to blame. Maybe things will pick up soon.”
Demand drops—gas prices drop
According to new data from the Energy Information Administration (EIA), gas demand plummeted from 9.39 million barrels per day to 8.78 last week. Meanwhile, total domestic gasoline stocks fell from 231.7 to 229.7 million barrels. Gasoline production took a slight ding, likely from Hurricane Beryl, dropping from an average of 10.3 million barrels daily to 9.5. Low gasoline demand and wobbly oil costs may lead to slowly lowering pump prices.
Gas prices drop. Today’s national average is $3.50, six cents more than a month ago but six cents less than a year ago.
Which states cost the most to fuel up in?
The nation’s top 10 most expensive markets are:
- California ($4.71)
- Hawaii ($4.69)
- Washington ($4.26)
- Nevada ($3.99)
- Oregon ($3.98)
- Alaska ($3.85)
- Illinois ($3.83)
- Washington DC ($3.71)
- Pennsylvania ($3.66)
- New York ($3.62).
Save money by fueling in these states
The nation’s top 10 least expensive markets are:
- Mississippi ($2.99)
- Louisiana ($3.10)
- Texas ($3.12)
- Oklahoma ($3.14)
- Tennessee ($3.14)
- Arkansas ($3.14)
- Kansas ($3.16)
- Alabama ($3.17)
- South Carolina ($3.22)
- Missouri ($3.22).
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Thank you, Russ and Tina! 🙂 Rats! Tennessee is now tied for fourth rather than alone in fourth. 🙁 I paid $2.80/gallon for 87 octane earlier this week. That was within the city limits of Chattanooga. Thanks again, have a great day, safe travels, and safe stays! 🙂
🤨
Now THAT is a succinct reply, eh Diane? 🙂 Thanks Bill, have a great day, safe travels, and safe stays! 🙂
Yep, but still not as short as that period.🤔😅 BTW, my walk at the track this evening was very nice. Beautiful weather and a nice breeze. Now it’s back to the keyboard for awhile. Have a good night, Neal. 😀 –Diane
Yes, that was the most brief comment that I have ever seen. 🤔😯🙂 Excellent! I am glad that the weather was so favorable! 🙂 Good night, Diane! 🙂
I think I must have missed something with regard to the period statement
.
Came in a few days ago Bill. I forget who from.
LOL !!
Hi, Bill. On the 13th, MrDisaster made a comment on the post regarding the South Dakota county restricting RVer’s voting rights. The entire comment was a period, i.e., “.” (minus the quotation marks). I’m sure it was just a typo, but I left it just for kicks and told him he got the prize for the shortest comment ever. Have a great day, Bill, et al. 😀 –Diane
I remember it now.😃
👍😄 Have a good afternoon/evening, Bill. 😀 –Diane
I get tired of hearing how gas prices keep going down. Here in WA they keep going up. We have had 100 degree temps for 2 weeks now and the price of gas just went up another 9 to 14 cents a gallon depending on which town we are in. So much for hot temps lowering the price. Looks like I’ll have to drive to Mississippi to get gas…Ha!
Paid “only” $4.19 a gallon at Costco yesterday just east of San Diego…😐. And don’t rub it in Neal 🙃
At least I got you beat Bill, but no chance at competing with Neal. $3.92 at Smiths off the 215 and Green Valley Pkwy in Henderson yesterday.
What makes Nevada gasoline so expensive, Cancelproof? Taxes?
Not my expertise Neal but I believe because Nevada gasoline comes from California refineries we get to burn the expensive seasonal blends that they do in Cali. Our registration/tag taxes are the kicker here. By kicker, I mean the value of the vehicle determines the cost of tags. Example: our JEEP new was about $1,200.00 for tags and it dropped about 300.00 the first year, then another 100.00 for the subsequent years. No State Income Tax but they get it from you somewhere.
New Rolls, $28,000.00 for tags year 1.
New Hyundai, $900.00 for tags year 1.
New DP….. same as the Rolls which is why we have Mont. Plates.
No way, Bill. 🙂 You have very nice, predictable (?) weather out yonder. We don’t so much. So, we get lower fuel prices. And we don’t have CARB. Have a great weekend, Bill! 🙂
Neal / Cancel :Topped off the rv yesterday at the local Speedway, down at the end of the street, at only $4.39 a gallon for regular 87 octane gas. Thankfully it only needed 10 gallons to fill. Should get me through most of California before needing to stop again while heading north next month.
Thank you for the prices charts… very helpful.
Could we please have this Chart with the 10 highest and lowest States every day instead the semi useless Average? So much more useful.
Hi, Ken. You can find that information on AAA’s State Gas Prices page. Have a great day. 😀 –Diane at RVtravel.com
OK, the demand side of the curve has been taken into account. As for the supply side? More has been released from the SPR in a thinly veiled attempt to drive down prices. It is, after all, an election year. Unfortunately, many folks have short memories of our historical gas prices. Here’s some help, draw your own conclusions:
https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=emm_epm0_pte_nus_dpg&f=m