The national average for a gallon of regular gasoline is slightly higher than a week ago and five cents higher than a month ago, according to AAA.
An increase in demand—as the weather improves and more people are out and about—is pushing prices up slightly. However, at $3.17, the national average remains well below what drivers were paying at this time last year. This is largely due to lower crude oil prices, currently at $62 per barrel compared to $82 per barrel one year ago, AAA said.
Today’s National Average: $3.171
One Week Ago: $3.167
One Month Ago: $3.127
One Year Ago: $3.660
According to new data from the Energy Information Administration (EIA), gasoline demand increased from 8.46 million b/d last week to 9.41. Total domestic gasoline supply decreased from 234.0 million barrels to 229.5. Gasoline production increased last week, averaging 10.1 million barrels per day.
At the close of Wednesday’s formal trading session, WTI fell $1.40 to settle at $62.27 a barrel. The EIA reports that crude oil inventories increased by 0.2 million barrels from the previous week. At 443.1 million barrels, U.S. crude oil inventories are about 5% below the five-year average for this time of year.
The national average per kilowatt hour of electricity at a public EV charging station stayed the same this past week at 34 cents.
State Stats
Gas
The nation’s top 10 most expensive gasoline markets are California ($4.80), Hawaii ($4.51), Washington ($4.28), Oregon ($3.92), Nevada ($3.87), Alaska ($3.64), Illinois ($3.42), Arizona ($3.37), Pennsylvania ($3.35), and Idaho ($3.32).
The nation’s top 10 least expensive gasoline markets are Mississippi ($2.68), Oklahoma ($2.71), Texas ($2.74), Louisiana ($2.75), Alabama ($2.78), Tennessee ($2.79), South Carolina ($2.80), Arkansas ($2.80), Kentucky ($2.83), and Kansas ($2.83).
Electric
The nation’s top 10 most expensive states for public charging per kilowatt hour are Hawaii (55 cents), Alaska (47 cents), West Virginia (47 cents), Montana (45 cents), South Carolina (44 cents), Tennessee (43 cents), Kentucky (42 cents), Idaho (42 cents), Louisiana (41 cents), and Georgia (40 cents).
The nation’s top 10 least expensive states for public charging per kilowatt hour are Kansas (22 cents), Missouri (25 cents), Iowa (27 cents), Delaware (28 cents), Nebraska (28 cents), Utah (29 cents), Texas (30 cents), Maryland (30 cents), Vermont (31 cents), and North Carolina (31 cents).
Drivers can find current gas and electric charging prices along their route using the AAA TripTik Travel planner.
