National Gasoline Price Average Escalates 2.2 Cents per Gallon

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The nation’s average price of gasoline has risen 2.2 cents over the last week and stands at $3.14 per gallon, according to GasBuddy® data compiled from more than 12 million individual price reports covering over 150,000 gas stations across the country. The national average remains unchanged from a month ago and is 1.8 cents per gallon lower than a year ago. The national average price of diesel has increased 0.7 cents in the last week and stands at $3.665 per gallon.

“The national average saw a slight increase last week, primarily driven by states that experienced price cycling just ahead of the switch back to winter gasoline,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “Florida, Ohio, Michigan, and Maryland— all states known for routine price cycling — saw double-digit jumps to average gas prices. Now that much of the nation has begun the transition to cheaper winter gasoline, and with driving demand seasonally tapering off as temperatures dip, gas prices face additional downward pressure. We’re still on track to potentially see the national average fall below $3 per gallon for the first time in years this autumn.”

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In early Monday trade, a barrel of WTI crude was down 70 cents to $61.98 per barrel, down from $63 last Monday. Brent crude was also in the red, down 60 cents to $66.08 per barrel, a slight dip from last Monday’s $67.17 per barrel start.

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The states with the lowest average prices: Oklahoma ($2.63), Mississippi ($2.66), and Louisiana ($2.71).

The states with the highest average prices: California ($4.62), Washington ($4.56), and Hawaii ($4.42).

Biggest weekly changes: Ohio (+12.9¢), New Mexico (-12.5¢), Maryland (+10.1¢), Washington (-9.3¢), Oklahoma (-8.8¢)

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The states with the lowest average diesel prices: Texas ($3.14), Louisiana ($3.25), and Mississippi ($3.26).

The states with the highest average diesel prices: Hawaii ($5.14), California ($5.12), and Washington ($5.03).

Biggest weekly changes: Ohio (+9.6¢), Wisconsin (+6.4¢), Delaware (-5.6¢), South Carolina (-5.6¢), New Mexico (-5.5¢)

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