NEWS RELEASES
AAA: Where Gas Prices Trend Lowest
Editor's Note: This news item was retrieved and first published through AAA Newsroom's website.
AAA Newsroom reports that today’s national gas price average is $2.85, which is the same price as last Monday, one-cent more than last month and 27-cents more expensive than this time last year. As recording in September 2018, gas prices are cheaper across the Mid-Atlantic and Northeast states with Delaware (-8 cents) seeing the largest pump price drop in the country and the region. Following Hurricane Florence, state gas price averages dropped a penny in both North Carolina and Virginia. In addition, gas prices continue to trend cheaper for the majority of South and Southwest states with South Carolina and Florida seeing the largest decreases on the week of two-cents. Only Oklahoma (+5 cents), New Mexico (+2 cents) and Arkansas (+2 cents) saw gas prices increase in the region.
The latest Energy Information Administration (EIA) data reports that both U.S. gasoline demand and stocks declined signaling supply and demand are in sync post the summer. This is true for most regions, except in the Great Lakes and Central region where prices are increasing due to maintenance at a handful of refineries. While the national gas price has remained stable throughout September, the price of crude oil started to increase in the last week. Utah (-4 cents), Idaho (-2 cents) and Wyoming (-2 cents) are among the top 10 states in the country to see the largest pump price drops. Motorists in a total of 32 states are welcoming cheaper or stable gas prices at the start of the workweek.
For more info on changes in prices in the other regions of the US, go to the full AAA press release.