The nationwide common worth for a gallon of gasoline is approaching a milestone, now just below 10 cents away from dipping under $3 for the primary time since Might 2021. Nonetheless, the potential formation of Hurricane Sara within the Gulf of Mexico might disrupt this decline, based on AAA.
“Hurricane Rafael fizzled out, however now we face the attainable formation of Hurricane Sara,” mentioned Andrew Gross, AAA spokesperson. “Among the early monitoring fashions have her heading towards Florida by the center of subsequent week, so keep tuned.”
Present Fuel Costs and Tendencies
As of at the moment, the nationwide common worth for a gallon of gasoline is $3.08, marking a two-cent drop from final week. Costs at the moment are 12 cents decrease than a month in the past and 27 cents lower than this time final 12 months. Demand for gasoline has elevated from 8.82 million barrels per day (b/d) final week to 9.38 million b/d, whereas home gasoline shares have decreased from 211.3 million barrels to 206.8 million barrels. In the meantime, gasoline manufacturing elevated to a median of 10.3 million barrels per day final week.
Oil Market Replace
On Wednesday, West Texas Intermediate (WTI) crude oil rose 31 cents to settle at $68.43 per barrel. The Power Data Administration (EIA) studies that U.S. crude oil inventories elevated by 2.1 million barrels to 429.7 million barrels, which is about 4% under the five-year common for this time of 12 months.
Fuel Value Breakdown
- High 10 Most Costly Gasoline Markets: Hawaii ($4.58), California ($4.48), Washington ($3.99), Nevada ($3.76), Oregon ($3.56), Alaska ($3.52), Pennsylvania ($3.26), Washington, D.C. ($3.25), Illinois ($3.25), and Idaho ($3.19).
- High 10 Least Costly Gasoline Markets: Oklahoma ($2.59), Mississippi ($2.66), Texas ($2.68), Missouri ($2.69), Arkansas ($2.70), Kansas ($2.71), Tennessee ($2.72), Louisiana ($2.76), Alabama ($2.76), and Iowa ($2.78).
Electrical energy Costs for Public Charging Stations
AAA additionally tracks the typical price per kilowatt hour (kWh) for public electrical automobile (EV) charging by state. At the moment’s nationwide common stays at 34 cents per kWh.
- High 10 Least Costly States for Public Charging: Kansas (21 cents), Missouri (24 cents), Nebraska (26 cents), North Dakota (27 cents), Texas (28 cents), Utah (29 cents), Vermont (30 cents), Washington, D.C. (30 cents), and Michigan (30 cents).
- High 10 Most Costly States for Public Charging: Hawaii (56 cents), West Virginia (44 cents), Montana (43 cents), New Hampshire (42 cents), South Carolina (42 cents), Arkansas (41 cents), Kentucky (41 cents), Idaho (41 cents), Alaska (41 cents), and Tennessee (40 cents).
