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

National Gas Price Average Jumps Eight Cents in Two Weeks

 July 15, 2019 - The national gas price average is $2.79, which is an eight-cent increase since the beginning of July. Gas prices have increased amid more expensive crude oil prices, robust demand and decreasing gasoline stocks.

Since last Monday, 18 states have seen their gas price averages increase by at least a nickel. Hurricane Barry, which made landfall in Louisiana this past weekend, seems to have had little impact on the national average. 

South Dakota Gas Prices

Today

$2.727

Yesterday

$2.730

Last week

$2.685

Last month

$2.720

Last year

$2.883

 

“Gas prices continue to increase for the majority of motorists east of the Mississippi,  while those filling up in the West Coast and Rockies regions are seeing a bit of a reprieve at the pump,” said Marilyn Buskohl, AAA spokesperson. “While the national average is up, only seven states have gas price averages of $3/gallon or more. And notably, compared to the same time last year, the average is still eight cents cheaper.”

Today’s average is four cents more than last week and a dime more expensive compared to a month ago.

 

Quick Stats

 

  • The nation’s top 10 least expensive markets are: Mississippi ($2.40), Alabama ($2.42), Louisiana ($2.43), Arkansas ($2.43), South Carolina ($2.48), Oklahoma ($2.50), Texas ($2.50), Virginia ($2.51), Kansas ($2.52) and Tennessee ($2.53).

     

  • The nation’s top 10 largest weekly increases are: Indiana (+15 cents), Illinois (+14 cents), Missouri (+10 cents), Ohio (+10 cents), Oklahoma (+9 cents), Michigan (+8 cents), Kentucky (+8 cents), Nebraska (+7 cents), South Carolina (+7 cents) and Georgia (+7 cents).

 

Great Lakes and Central States

Seven of the top 10 states with the largest weekly increase in the country hail from the Great Lakes and Central states region: Indiana (+15 cents), Illinois (+14 cents), Missouri (+10 cents), Ohio (+10 cents), Michigan (+8 cents cents), Kentucky (+8 cents) and Nebraska (+7 cents). Among all states in the region, Kansas (+3 cents) saw the smallest jump in gas prices.

As regional refinery utilization holds strong at 97%, gasoline stocks stay intact at 49 million bbl, according to Energy Information Administration (EIA) data. This has helped to keep gas price increases moderate (less than a nickel) for most of the region, which is accustomed to volatility throughout the year.

 

Oil market dynamics

At the close of Friday’s formal trading session on the NYMEX, WTI increased by one cent to settle at $60.21. Crude prices increased last week as the market continues to worry about tensions in the Middle East, which could restrict global oil supply. If those concerns continue into this week, crude prices will likely continue to increase. Additionally, Hurricane Barry, temporarily halted 60 percent of all crude production in the Gulf of Mexico last week. As the storm subsides and floodwaters diminish, crude production will resume. As a result, crude stocks may tighten in the region and could cause prices to increase modestly.

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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