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

Gas Prices See Minimal Fluctuation Following Holiday Weekend

Dec. 2, 2019 - Following a busy holiday long weekend that saw 49 million Americans traveling on roadways, gas prices across the country saw minimal fluctuation, with most states seeing decreases on the week. The national gas price average is one penny cheaper than last Monday at $2.58. Today’s average is three cents cheaper than last month, but 12 cents more expensive than last year at this time.

“Gasoline stocks have steadily increased the past few weeks as gasoline demand has started to slow,” said Marilyn Buskohl, AAA spokesperson. “This trend is creating cheaper gas prices for the majority of motorists.”

South Dakota Gas Prices

Today

$2.49

Yesterday

$2.50

Last week

$2.51

Last month

$2.53

Last year

$2.47

 

In its latest report for the week ending Nov. 22, Energy Information Administration (EIA) data shows a substantial 5.1 million bbl build in gasoline stocks amid flat gasoline demand.

Quick Stats 

  • The nation’s top 10 least expensive markets are: Louisiana ($2.22), Mississippi ($2.22), Missouri ($2.23), Texas ($2.23), Oklahoma ($2.26), Alabama ($2.28), Arkansas ($2.29), South Carolina ($2.29), Tennessee ($2.30) and Virginia ($2.31). 
  • The nation’s top 10 largest weekly changes are: Ohio (+15 cents), Florida (+7 cents), California (-6 cents), Indiana (-6 cents), Michigan (-5 cents), North Carolina (+3 cents), Utah (-3 cents), Washington (-3 cents), Idaho (-3 cents) and Alaska (-3 cents). 

Central States and Great Lakes Region

On the week, there is minimal volatility at pumps across the Great Lakes and Central region. Only Ohio (+15 cents) and Wisconsin (+2 cents) saw gas prices increase. All other state averages are cheaper or the same as they were last Monday, with Indiana (-6 cents) and Michigan (-5 cents) seeing the largest decreases. Ohio ($2.60), Indiana ($2.43) and Michigan ($2.45) all land on the top 10 list for largest weekly changes.

In the region, gas prices range from $2.63 in Illinois to $2.23 in Missouri. These states rank as the 17th most expensive and the 3rd least expensive state averages, respectively, in the country. 

Oil Market Dynamics 

At the close of Friday’s formal trading session on the NYMEX, WTI decreased by $2.94 cents to settle at $55.14. Continued market fear that tension between China and the U.S. – the world’s two largest crude consumers – will reduce crude demand moving into next year helped push prices down. Additionally, domestic crude prices decreased after the U.S. hit a record high production level of 12.9 million b/d, according to EIA’s latest weekly petroleum status report. If tension between China and the U.S. persists this week, crude prices could slide further.

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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