The nationwide common for a gallon of gasoline has risen by two cents over the previous week to $3.21, in response to the newest information from AAA. This small enhance is attributed to the results of back-to-back storms, with giant areas of the nation experiencing infrastructure injury, street flooding, and energy outages as a consequence of Hurricane Helene and now Storm Milton.
Whereas these climate occasions haven’t severely impacted the nation’s general gasoline provide, they’ve disrupted demand in storm-affected areas the place infrastructure injury has made gas tougher to entry.
Oil Market Dynamics and Worldwide Components
The continued geopolitical pressure between Iran and Israel can be contributing to some fluctuation in oil costs. Nonetheless, this has not led to a big or regular rise in international oil costs. On Wednesday, West Texas Intermediate (WTI) crude oil closed down 33 cents to settle at $73.24 a barrel. In the meantime, U.S. crude oil inventories rose by 5.8 million barrels to a complete of 422.7 million barrels, which is about 4% beneath the five-year common for this time of yr.
Gasoline and Electrical energy Market Stats
Based on the Power Info Administration (EIA), fuel demand surged final week from 8.52 million barrels per day (b/d) to 9.65 million b/d, whereas home gasoline shares dropped sharply from 221.2 million barrels to 214.9 million barrels. Regardless of the elevated demand and decreased provide, gasoline manufacturing remained robust, averaging 10.2 million barrels per day.
The present nationwide common for a gallon of fuel stands at $3.21, which is 5 cents decrease than a month in the past and 47 cents decrease than the identical time final yr.
Gasoline Costs by Area
The nation’s prime 10 most costly gasoline markets:
- California ($4.67)
- Hawaii ($4.59)
- Washington ($4.05)
- Nevada ($3.91)
- Oregon ($3.67)
- Alaska ($3.65)
- Illinois ($3.50)
- Utah ($3.50)
- Idaho ($3.44)
- Pennsylvania ($3.38)
The nation’s prime 10 least costly gasoline markets:
- Georgia ($2.72)
- Mississippi ($2.75)
- Texas ($2.80)
- Arkansas ($2.81)
- Oklahoma ($2.81)
- Louisiana ($2.83)
- Missouri ($2.84)
- Kansas ($2.84)
- Alabama ($2.86)
- Tennessee ($2.86)
Electrical Car Charging Prices
As electrical autos grow to be extra fashionable, AAA continues to trace the price of public charging. As we speak’s nationwide common for a kilowatt of electrical energy at a public charging station is 35 cents. With roughly 1.2 million AAA members dwelling in households with a number of electrical autos, these prices have gotten more and more related.
The nation’s prime 10 least costly states for public charging per kilowatt hour:
- Kansas (22 cents)
- Missouri (24 cents)
- Delaware (26 cents)
- Nebraska (28 cents)
- Texas (29 cents)
- Vermont (30 cents)
- Michigan (30 cents)
- Utah (30 cents)
- Wisconsin (30 cents)
- North Dakota (30 cents)
The nation’s prime 10 most costly states for public charging per kilowatt hour:
- Hawaii (55 cents)
- West Virginia (45 cents)
- Montana (43 cents)
- Arkansas (42 cents)
- Idaho (42 cents)
- New Hampshire (42 cents)
- South Carolina (42 cents)
- Kentucky (41 cents)
- South Dakota (41 cents)
- Alaska (41 cents)
