Marilyn Buskohl
Public Affairs Director
O: (605) 310-4614
C: (605) 367-3964
Marilyn.buskohl@aaasd.org

Gas Prices Hold Steady on the Week 

Monday, May 6, 2019 - With the national gas price average at $2.89 – just a penny more expensive than last week – the majority of states are seeing moderate jumps and even declines at the pump.

“While gasoline demand remains robust, gasoline inventories built for the first time since early February, which was a surprise, and contributed toward the national average only increasing by a penny” said Marilyn Buskohl, AAA spokesperson. “Today’s average is just eight cents cheaper than the highest pump price of 2019, which was set going into Memorial Day.”

Today’s average is 16 cents more than last month and eight cents more expensive than this time last year.

South Dakota Average Gas Prices:

Current Avg.

$2.777

Yesterday Avg.

$2.783

Week Ago Avg.

$2.785

Month Ago Avg.

$2.669

Year Ago Avg.

$2.700

 

Quick stats

  • The nation’s top 10 least expensive markets are: Alabama ($2.50), Mississippi ($2.52), Louisiana ($2.52), South Carolina ($2.53), Arkansas ($2.55), Oklahoma ($2.59), Missouri ($2.59), Tennessee ($2.60), Texas ($2.60) and Kansas ($2.63).

     

  • The nation’s top 10 largest weekly changes are: Utah (+14 cents), Idaho (+9 cents), Florida (+6 cents), Ohio (+6 cents), Alaska (+5 cents), Colorado (+5 cents), Nevada (+5 cents), Delaware (-4 cents), Arizona (+3 cents) and Kentucky (-3 cents).

 

Central States and Great Lakes Region

Gas prices are fluctuating across the Great Lakes and Central region states with Ohio (+6 cents) and Kentucky (-3 cents) seeing the biggest jump and decline on the week. The majority of states saw prices shift by just a penny or hold steady.

Amid refinery issues, the EIA reports the region saw utilization drop from 91.8 to 85.9 percent. Despite this, stocks increased marginally by 200,000 bbl to total 50.7 million bbl and the region saw only moderate fluctuation. If utilization falls further, motorists in the region can expect gas prices to increase especially as heading into summer stocks sit at a nearly 6 million deficit  compared to the same time last year.

Oil market dynamics

 

At the close of Friday’s formal trading session on the NYMEX, WTI increased slightly by 13 cents to settle at $61.94. Although prices inched up on Friday, crude saw losses last week after new concerns about U.S. oversupply emerged. 

Motorists can find current gas prices along their route with the free AAA Mobile app for iPhone, iPad and Android. The app can also be used to map a route, find discounts, book a hotel and access AAA roadside assistance. Learn more at AAA.com/mobile.

 

 

TEDx Wilmington Salon

Who's in the Driver's Seat? The Transformation of Transportation

On Tuesday, October 17, 2017, AAA and TEDx Wilmington held the first TEDx Salon dedicated to ideas worth spreading in transportation.

This event had:

  • 12 live talks given by 13 speakers
  • 368 people in attendance at the live event
  • More than 7,500 viewed the event online through Livestream, viewing events, and on the AAA Associate network
  • Online viewers came from all 50 states and approximately 30 countries around the world

View a slideshow from the event

This TEDx WilmingtonSalon was organized in partnership with AAA

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