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

Price Increases at the Pump Slowing

July 22, 2019 - On the week, all but eight states saw gas price averages push cheaper or remain stable. At $2.76, the national gas price average is three cents less expensive than last Monday. This is the first time in four weeks that the national average has seen a weekly decline.

South Dakota Gas Prices

Today

$2.73

Yesterday

$2.73

Last week

$2.73

Last month

$2.69

Last year

$2.89

 

“Gasoline stocks remain robust amid a recent dip in demand, which could be one reason we are seeing pump prices starting to roll back,” said Marilyn Buskohl, AAA spokesperson. “It is too soon to know if this is a long-term trend, but it is certainly a welcome relief for motorists.” 

Today’s average is a dime more expensive than a month ago, but eight cents cheaper than a year ago. 

Quick Stats

  • The nation’s top 10 largest weekly changes are: Indiana (-15 cents), Michigan (-12 cents), Illinois (-12 cents), Ohio (-11 cents), Kentucky (-5 cents), Delaware (-5 cents), Florida (+4 cents), West Virginia (+4 cents), Nebraska (-4 cents) and California (-3 cents).
  • The nation’s top 10 least expensive markets are: Mississippi ($2.39), Louisiana ($2.41), Alabama ($2.41), Arkansas ($2.43), South Carolina ($2.46), Oklahoma ($2.48), Tennessee ($2.52), Virginia ($2.52), Texas ($2.53) and Kansas ($2.54).

Central States and Great Lakes Region

Regional volatility continues to be a theme among the Great Lakes and Central States despite strong regional refinery utilization and strong gasoline stocks. On the week, Indiana (-15 cents), Michigan (-12 cents), Illinois (-12 cents) and Ohio (-11 cents) rank as the top four states in the country with the largest declines at the pump and the only to see double-digit dips. Kentucky (-5 cents) and Nebraska (-4 cents) round out the top 10 largest weekly changes list in the region. While the past seven days brought mostly declines or stability at the pump for the majority of the region, two states saw slight price jumps: North Dakota (+2 cents) and Kansas (+1 cents). 

Oil market dynamics

At the close of Friday’s formal trading session on the NYMEX, WTI increased by 33 cents to settle at $55.63. Crude prices mostly declined last week after the International Energy Agency (IEA) announced that it does not expect oil prices to rise significantly because demand is slowing and there is a glut in global crude markets. Concerns over the current excess of oil in the crude market overshadowed concerns of increasing tension in the Middle East, following the United States announcing on Thursday that a U.S. Navy ship had “destroyed” an Iranian drone in the Strait of Hormuz. However, Iran captured a British-flagged oil tanker in the region late on Friday, dramatically escalating tensions. If tension continues to mount, oil prices could spike this week in response to concerns that global supply flows may be disrupted.

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

public affairs

Keeping Member's interests at the forefront

Contacts by region

fuel price finder

Find the lowest gas price in your area

Find prices

gas information

Tools, tips and other resources

learn more

Videos

Local news stories & information

Watch now