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

National Gas Price Average Sees No Change Since January 1

January 13, 2020 - Despite crude oil price fluctuation and growing geopolitical concerns with Iran in the last week, the national gas price average has held steady at $2.58 since the beginning of the year. Today’s national average is two cents more than last month and 34-cents more expensive than the beginning of 2019.

“A healthy and growing level of domestic gasoline stocks alongside decreasing demand are two factors helping to minimize gas price fluctuations,” said Marilyn Buskohl, AAA spokesperson. “In the last week, about 32 states saw pump prices push less expensive by just a penny or two or saw no change at all.” 

South Dakota Gas Prices

Today

$2.47

Yesterday

$2.49

Last week

$2.47

Last month

$2.50

Last year

$2.16

 

The Energy Information Administration (EIA) measures U.S. demand at 8.1 million b/d, which is the lowest reading for the first week of the year since January 2016. At 251.6 million bbl – the highest start of the year on record – gasoline stocks have only measured this high two other times in EIA history.

 Quick Stats 

  • The nation’s top 10 largest weekly changes are: Michigan (+7 cents), Delaware (-5 cents), Minnesota (+4 cents), Ohio (+4 cents), Florida (-4 cents), Utah (-4 cents), Alaska (+3 cents), Indiana (+3 cents), Idaho (-3 cents) and Tennessee (-3 cents).
  • The nation’s top 10 least expensive markets are: Missouri ($2.20), Oklahoma ($2.26), Texas ($2.27), Mississippi ($2.28), Arkansas ($2.28), Kansas ($2.29), Louisiana ($2.30), South Carolina ($2.34), Alabama ($2.35) and Tennessee ($2.36).

Great Lakes and Central States

The Great Lakes and Central States are seeing typical regional gas price volatility. Four states land on the top 10 list for largest weekly changes, all with pump price jumps: Michigan (+7 cents), Minnesota (+4 cents), Ohio (+4 cents) and Indiana (+3 cents). While not on the top 10 least expensive list, Kentucky ($2.38) and West Virginia ($2.57) had the largest pump price decreases on the week in the region, with three–cent drops.

Motorists in the region are paying 31 to 55 cents more to fill-up compared to this time last year. Illinois (+56 cents) and Ohio (+55 cents) carry the largest year-over-year difference in the country and region.

Oil Market Dynamics

At the close of Friday’s formal trading session on the NYMEX, WTI dropped by 52 cents to settle at $59.04. Crude prices decreased last week after rising sharply following increased tension between the U.S. and Iran. With the U.S. announcing economic sanctions instead of additional military strikes against Iran, prices fell as tension began to ease. If tension continues to cool in the region this week, crude prices could decrease 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.

 

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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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