Welcome again to Gas Price Watch! It’s been a protracted few months since we final talked about this, however what day is healthier than 4/20 to deliver fuel again into the dialog? Prices have been climbing within the incorrect [read: rising or more expensive] route for some time now – just about because the finish of 2022. According to AAA’s trusty fuel value tracker, the typical value for a gallon of standard gas is at present sitting at $3.68, which is truly up 5 cents from only a week in the past. Luckily for us although, it seems like that pattern could also be altering.
In case you missed it:
“The recent surge in oil costs took a break this week, with the price of oil tumbling back into the upper $70s per barrel,” Andrew Gross, a spokesperson for AAA stated in a press release. “If this oil price trend continues, drivers may see falling gas prices.”
According to the Energy Information Administration, demand for fuel can also be beginning to see a little bit of a lower. The EIA says that demand dropped from 8.94 million barrels of oil per day final week to eight.52 million barrels per day this week. That’s on the impact of accelerating the U.S.’s home gasoline inventory by a really slight 1.3 million barrels to 223.5 million barrels.
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The information retains getting higher for fuel costs, too. AAA says U.S. refineries are at present returning to companies after in depth winter/spring upkeep applications. That means output rose final week by 330,000 barrels per day to 16.44 million barrels per day. That’s increased than it was this time final 12 months. Huzzah!
So with that, why don’t we do everybody’s favourite factor and take a look at the fuel value winners and losers across the nation.
Here is the best common fuel costs within the nation so as of highest value for a gallon of standard:
- California – $4.91 Regular | $5.12 Mid | $5.29 Premium | $5.31 Diesel
- Hawaii – $4.78 Regular | $5.00 Mid | $5.25 Premium | $5.91 Diesel
- Arizona – $4.69 (good) Regular | $5.00 Mid | $5.28 Premium | $4.61 Diesel
- Washington – $4.56 Regular | $4.77 Mid | $4.96 Premium | $5.00 Diesel
- Nevada – $4.28 Regular | $4.54 Mid | $4.79 Premium | $4.48 Diesel
Here is the bottom common value of gasoline within the nation so as of lowest value per gallon of standard:
- Mississippi – $3.17 Regular | $3.52 Mid | $3.87 Premium | $3.87 Diesel
- Arkansas – $3.25 Regular | $3.62 Mid | $3.99 Premium | $3.89 Diesel
- Louisiana – $3.28 Regular | $3.65 Mid | $4.01 Premium | $3.88 Diesel
- Alabama – $3.29 Regular | $3.67 Mid | $4.04 Premium | $3.98 Diesel
- Texas – $3.34 Regular | $3.72 Mid | $4.05 Premium | $3.70 Diesel
God, I missed doing these. Smell ya later!
Source: jalopnik.com