AAA: Right on Cue, Seasonal Trends Nudge Gas Prices Up – RVBusiness – Breaking RV Industry News
WASHINGTON, D.C. – As spring approaches, refineries are beginning their transition to summer blend fuel, which often results in higher prices this time of year. This week, gas prices rose by a few cents, bringing the national average to $3.16 per gallon. Routine seasonal maintenance and an offline refinery in Northern California are putting additional strain on supply. These factors are pushing gas prices up, which means consumers may see higher prices at the pump as warmer months approach.
The national average per kilowatt hour of electricity at a public EV charging station remains the same at 34 cents.
According to new data from the Energy Information Administration (EIA), gasoline demand increased from 8.32 million b/d last week to 8.57. Total domestic gasoline supply dropped from 251.1 million barrels to 248.1, while gasoline production increased last week, averaging 9.3 million barrels per day.
Today’s national average for a gallon of gas is $3.16, about 10 cents more than a month ago and 6 cents less than a year ago.
Oil Market Dynamics
At the close of Wednesday’s formal trading session, WTI dropped $1.95 to settle at $71.37 a barrel. The EIA reports that crude oil inventories increased by 4.1 million barrels from the previous week. At 427.9 million barrels, U.S. crude oil inventories are about 4% below the five-year average for this time of year.
Quick Gas and Electricity Stats
Gas
The nation’s top 10 most expensive gasoline markets are California ($4.79), Hawaii ($4.55), Washington ($4.10), Nevada ($3.85), Oregon ($3.74), Arizona ($3.40), Alaska ($3.39), Pennsylvania ($3.36), Illinois ($3.27), and Washington, DC ($3.27).
The nation’s top 10 least expensive gasoline markets are Mississippi ($2.68), Texas ($2.74), Oklahoma ($2.75), Louisiana ($2.76), Kentucky ($2.79), Alabama ($2.82), Tennessee ($2.82), Kansas ($2.84), Arkansas ($2.84), and Missouri ($2.85).
Electric
The nation’s top 10 most expensive states for public charging per kilowatt hour are Hawaii (55 cents), West Virginia (47 cents), Montana (44 cents), Tennessee (42 cents), Idaho (42 cents), Arkansas (42 cents), Kentucky (41 cents), New Hampshire (41 cents), South Carolina (41 cents), and Alaska (41 cents).
The nation’s top 10 least expensive states for public charging per kilowatt hour are Kansas (22 cents), Nebraska (24 cents), Maryland (25 cents), Missouri (25 cents), Iowa (28 cents), Texas (29 cents), Utah (29 cents), Michigan (29 cents), North Dakota (30 cents), and South Dakota (31 cents).
Drivers can find current gas and electric charging prices along their route using the AAA TripTik Travel planner.
