Today’s national gas price average is $2.18, which is the same price as last week, five cents less than a month ago, but 47 cents cheaper than a year ago. On the week, most states saw gas prices decrease or moderate fluctuations by a penny or two. A continued drop in demand will likely lead to pump prices continuing to decrease.
The latest Energy Information Administration (EIA) report measures demand at 8.52 million barrels per day, which is a slight uptick from the previous week’s 8.48 million barrels per day.
“Low demand, even as gasoline stocks decline, has helped pump prices decline or hold steady on the week,” said Jeanette Casselano, AAA spokesperson. “That is likely to continue into the fall as the season sees fewer road trips, especially amid the pandemic.”
The nation’s top 10 largest weekly changes: Michigan (up 10 cents), Ohio (up 9 cents), Kentucky (up 8 cents), Indiana (up 6 cents), New Mexico (up 5 cents), South Carolina (up 3 cents), North Carolina (up 3 cents), Florida (down 3 cents), Illinois (up 2 cents) and Idaho (up 2 cents).
Meanwhile, the nation’s least expensive markets are Mississippi ($1.83), Texas ($1.85), Louisiana ($1.87), Missouri ($1.87), Arkansas ($1.87), Oklahoma ($1.89), Alabama ($1.89), Tennessee ($1.92), South Carolina ($1.93) and Kansas ($1.96).
Originally posted on Automotive Fleet