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

National Gas Price Average Dropping Toward Lowest of the Year

November 26, 2018 - On the week, the national gas price average has dropped seven cents to land at $2.56. As pump prices steadily decline, they are headed toward some of the cheapest gas prices in 2018. The national average was lowest in January at $2.49 while May brought the most expensive price of $2.97.

“Trends are indicating that the month of December may bring some of the cheapest gas prices of the year,” said Marilyn Buskohl, AAA spokesperson. “U.S. gasoline demand remains low and supply plentiful so motorists can expect to save at the pump as long as the price of crude oil doesn’t spike. Here in South Dakota the statewide average stands at $2.56, down 5 cents from one week ago.”

South Dakota Average Gas Prices:

Current Avg.

$2.56

Yesterday Avg.

$2.56

Week Ago Avg.

$2.61

Month Ago Avg.

$2.88

Year Ago Avg.

$2.52


Gas prices have been cheaper in the U.S. as crude oil sells at $57/bbl and cheaper - the lowest prices of the year.

Quick Stats 

  • The nation’s top 10 largest weekly decreases are: Ohio (-14 cents), Kentucky (-11 cents), Mississippi (-11 cents), South Carolina (-10 cents), Michigan (-9 cents), Alabama (-9 cents), Arkansas (-9 cents), Georgia (-9 cents), Illinois (-9 cents) and Texas (-9 cents). 
  • The nation’s top 10 least expensive markets are: Missouri ($2.18), Oklahoma ($2.21), South Carolina ($2.23), Texas ($2.24), Delaware ($2.24), Louisiana ($2.26), Mississippi ($2.27), Alabama ($2.27), Kentucky ($2.27) and Ohio ($2.28).

Central and Great Lakes Region

The majority of the Great Lakes and Central states are carrying gas price averages cheaper than one year ago: Iowa (-20 cents), Indiana (-16 cents), Ohio (-15 cents), Michigan (-14 cents), Nebraska (-14 cents), Illinois (-11 cents), Missouri (-11 cents), Kentucky (-9 cents), Kansas (-7 cents), Wisconsin (-6 cents) and Minnesota (-2 cents). There are only 19 states in the country with less expensive year-over-year prices and 11 of those are in this region. 

On the week, gas prices are as much as 14 cents cheaper in Ohio. Today, state gas price averages range from $2.58 in North Dakota to $2.18 in Missouri.

 

Oil market dynamics

At the close of Friday’s formal trading session on the NYMEX, WTI dropped $4.21 and settled at $50.42. Oil prices plunged to their lowest point since October 2017 last week as EIA reported that crude inventories continue to build.

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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