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

National Gas Price Average Holds Steady Ahead of Labor Day Weekend

August 27, 2018 - Motorists across the country continue to see their local pump prices dropping. On the week, state gas price averages declined as much as four cents while the national gas price average held steady at $2.84, which is two-cents cheaper than a month ago, but 48-cents more than a year ago.

“With Labor Day approaching, motorists could see a small swing towards higher gas prices, but any jump should not last past the holiday weekend,” said Marilyn Buskohl, AAA spokesperson.

Last year’s Labor Day weekend saw gas prices spike, but that was due to Hurricane Harvey. As it battered the Southeast, it shut down refineries and pipelines driving gas prices toward their highest point of 2017 ($2.67). Despite no hurricane activity this Labor Day weekend, gas prices will be at their highest point for the holiday since 2014.

 

South Dakota Average Gas Prices:

Current Avg.

$2.816

Yesterday Avg.

$2.828

Week Ago Avg.

$2.848

Month Ago Avg.

$2.886

Year Ago Avg.

$2.364

 

Quick Stats

  • The nation’s top 10 most expensive markets are: Hawaii ($3.76), California ($3.60), Washington ($3.37), Alaska ($3.32), Idaho ($3.26), Oregon ($3.25), Utah ($3.20), Nevada ($3.19), Connecticut ($3.04) and Pennsylvania ($3.03).

     

  • The nation’s top 10 largest weekly changes are: Ohio (+10 cents), Michigan (+5 cents), Wyoming (+4 cents), Florida (-4 cents), Colorado (+3 cents), South Dakota (-3 cents), Georgia (-3 cents), Kansas (-3 cents), Missouri (-3 cents) and Utah (+2 cents).

 

Great Lakes and Central

Five states in this region land on this week’s top 10 list of states with the largest changes: Ohio (+10 cents), Michigan (+5 cents), South Dakota (-3 cent), Kansas (-3 cents) and Missouri (-3 cents). Among the Great Lakes and Central states, gas price averages are as expensive as $2.94 in Michigan, to as cheap as $2.57 in Missouri.

Michigan (-9 cents), South Dakota (-7 cents) and Kentucky (-7 cents) lead the Great Lakes and Central states with the largest decrease in month-over-month prices and rank among the top five states in the country. Ohio (+3 cents) is the only state in the region to be paying more compared to the end of July.

Oil market dynamics

At the close of Friday’s formal trading session on the NYMEX, WTI increased 89 cents to settle at $68.72. A weak dollar contributed to last week’s price gain. Moreover, following the release of EIA’s weekly report that showed total domestic crude inventories fell by 5.8 million bbl during the previous week, crude prices increased. If this week brings a continued decline in crude stocks, crude prices could surpass $70 per barrel. 

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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