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

Pump Prices Continue to Push Lower for Majority of Motorists

June 3, 2019 - Today’s national average is $2.81, which is two cents cheaper than last week, eight cents less than last month and 13 cents less than last year. With the exception of the Rockies states, Alaska and Indiana, motorists across the country are saving as much as 23 cents/gallon to fill up as compared to last month.

“Gas prices have been trending lower now for the past month and there are no signs of pump prices changing gears toward more expensive for the summer season,” said Marilyn Buskohl, AAA spokesperson. “One major indicator supporting this forecast is the price of crude oil which last week dropped by $6 to $53/bbl, which is one of the lowest prices of the year.”

South Dakota Average Gas Prices:

Current Avg.

$2.767

Yesterday Avg.

$2.778

Week Ago Avg.

$2.768

Month Ago Avg.

$2.795

Year Ago Avg.

$2.884


How low will gas prices go? Stay tuned for AAA’s 2019 summer forecast, which will be released later this week.

Quick Stats

  • The nation’s top 10 least expensive markets are: Mississippi ($2.39), Louisiana ($2.39), Alabama ($2.41), South Carolina ($2.43), Arkansas ($2.46), Texas ($2.48), Tennessee ($2.48), Missouri ($2.53), Virginia ($2.54) and Oklahoma ($2.55).
  • The nation’s top 10 largest monthly decreases are: Florida (-23 cents), Delaware (-16 cents), Georgia (-15 cents), California (-14 cents), North Carolina (-14 cents), Louisiana (-13 cents), Mississippi (-13 cents), Texas (-13 cents), Tennessee (-12 cents) and South Carolina (-11 cents).

Great Lakes and Central States

There is some volatility at the pump across the Great Lakes and Central states with eight states seeing gas prices increase since last Monday, a trend recently only seen among West Coast and a few Rockies states. On the week, Ohio (+11 cents) saw the largest increase in the country and region, followed by: Illinois (+3 cents), Nebraska (+2 cents), Iowa (+2 cents), Kansas (+1 cent), Missouri (+1 cent), Indiana (+1 cent) and North Dakota (+1 cent). These states are seeing pump prices push hire in part due to regional refinery maintenance. For the five other regional states, their averages all held steady on the week, but that could quickly change to increases in the week ahead if refinery maintenance drags on.

In the region, Illinois ($3.00) carries the largest average followed by Michigan ($2.88).

Oil market dynamics

 

At the close of Friday’s formal trading session on the NYMEX, WTI fell by $3.09 to $53.50. Crude prices suffered a major loss last week, the largest in six months, after new trade tensions emerged between the U.S. and Mexico, a key U.S. trade partner and a major supplier of crude oil. Threats from the Trump Administration to increase tariffs on all products exported from Mexico to the U.S, including crude compound concerns about global economic growth, already at risk due to the U.S.-China trade war. That dispute has prompted market observers to worry about a recession, which could suppress global crude demand later this year. Moving into this week, growing global trade war fears will likely push crude prices down.

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.

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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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