In the quiet period between spring travel and the start of the summer vacation season, U.S. gas demand has declined, pushing the national average gas price down by three cents to $3.15, according to AAA.
The drop comes as OPEC+ announced plans to increase oil production in June, potentially expanding the global supply surplus and further pressuring crude prices. As a result, drivers planning summer road trips could benefit from continued relief at the pump.
AAA shared these pricing snapshots:
- Today’s National Average: $3.152
- One Week Ago: $3.186
- One Month Ago: $3.246
- One Year Ago: $3.640
According to new data from the Energy Information Administration (EIA), gasoline demand decreased from 9.09 million b/d last week to 8.71. Total domestic gasoline supply slightly increased from 225.5 million barrels to 225.7. Gasoline production decreased last week, averaging 9.7 million barrels per day.
At the close of Wednesday’s formal trading session, WTI fell $1.02 to settle at $-58.07 a barrel. The EIA reports that crude oil inventories decreased by 2 million barrels from the previous week. At 438.4 million barrels, U.S. crude oil inventories are about 7% below the five-year average for this time of year.
EV Charging
The national average per kilowatt hour of electricity at a public EV charging station increased two cents over last week to 36 cents.
State Stats
Gas
The nation’s top 10 most expensive gasoline markets are California ($4.82), Hawaii ($4.49), Washington ($4.26), Oregon ($3.90), Nevada ($3.89), Alaska ($3.60), Illinois ($3.43), Pennsylvania ($3.30), Idaho ($3.30), and Utah ($3.30).
The nation’s top 10 least expensive gasoline markets are Mississippi ($2.64), Louisiana ($2.70), Oklahoma ($2.73), Arkansas ($2.74), Alabama ($2.75), Tennessee ($2.75), Texas ($2.76), South Carolina ($2.77), Missouri ($2.82), and Kansas ($2.83).
Electric
The nation’s top 10 most expensive states for public charging per kilowatt hour are Hawaii (54 cents), Alaska (47 cents), West Virginia (47 cents), Montana (44 cents), Louisiana (43 cents), Kentucky (42 cents), Tennessee (42 cents), Idaho (42 cents), South Carolina (41 cents), and New Hampshire (40 cents).
The nation’s top 10 least expensive states for public charging per kilowatt hour are Kansas (22 cents), Missouri (25 cents), Delaware (26 cents), Iowa (27 cents), Nebraska (29 cents), Utah (29 cents), Texas (30 cents), Maryland (30 cents), Vermont (30 cents), and North Carolina (31 cents).
Drivers can find current gas and electric charging prices along their route using the AAA TripTik Travel planner.
