The national average price for gasoline rose one cent to $2.19, as gasoline demand increased on the week to the highest level since March as stocks decreased, according to AAA.
Prices are nine cents more than last month but nearly 60 cents less than a year ago, AAA said. From May to early July in 2019, gasoline demand averaged 9.5 million barrels per day. For the same time period this year, demand is measuring at 8 million barrels per day while gasoline stocks sit, on average, at a 24 million barrel surplus.
“The Energy Information Administration’s (EIA) data shows gasoline demand and supply continue on a roller coaster ride,” said Jeanette Casselano, AAA spokesperson. “As motorists react to unfolding COVID-19 information, we are seeing driving behaviors related to filling-up ebb and flow.”
The nation’s top 10 largest weekly increases include Indiana (up 11 cents), Michigan (up 9 cents), Delaware (up 7 cents), Maryland (up 5 cents), Ohio (up 4 cents), Oregon (up 4 cents), Illinois (up 4 cents), Vermont (up 4 cents), Washington (up 4 cents) and Connecticut (up 3 cents).
Meanwhile, the nation’s least expensive markets include Mississippi ($1.84), Louisiana ($1.85), Texas ($1.88), Arkansas ($1.88), Alabama ($1.89), Oklahoma ($1.89), Missouri ($1.91), South Carolina ($1.94), Tennessee ($1.94)m and Kansas ($1.98).
Originally posted on Automotive Fleet
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