The national average price of a gallon of gasoline has dropped five cents to $3.853 a gallon, according to the American Automobile Association (AAA). Gas prices have continued to decline from their peak of $5.06 in mid-June.
The continued decline in gas prices has brought some relief to consumers at the pump as the last time gas prices hit the $3.85 mark was in March 2022.
Who pays more and who pays less?
The national average gas price has now fallen for the 75th day in a row. Gasoline prices have fallen more than 20 cents since July, when they had peaked at $4.278 a gallon. Despite the rapid drop, gas prices are still 70 cents higher than this time last year, when a gallon of gas cost $3,148. Although not as low as the national average a year ago, the decrease in costs is very welcome for motorists.
After hitting all-time highs, gas prices are falling back to more familiar levels, although they still remain quite high in some states. Since last week, about eight states have seen gas prices at the pump drop more than 10 cents. The states of Maine, Connecticut, Rhode Island and New Jersey saw average gas prices drop more than 11 cents. While Tennessee, Missouri, South Carolina, Hawaii, Iowa and Alabama saw the least change in gas prices, seeing a drop of less than 3 cents in prices in a week.
The state of Hawaii continues to see high gas prices with drivers paying an average of $5,312 per gallon. Hawaii has taken the mantle of having the most expensive gas prices in California, average gas prices in California are now $5.278 a gallon. That’s despite gas prices dropping 2 cents in Hawaii and four cents in California since last week.
Higher gas prices
States with the least expensive gas prices nationwide include Arkansas, Mississippi, Georgia and Texas saw a gallon of regular gas for less than $3.40.
Lower gas prices
Which metropolitan areas have the highest gas prices?
Some 37 US metro areas continue to see average gas prices even surpass June’s record high of $5.06. Of these 30 of the highest prices are in California. San Luis Obispo-Atascadero-Paso Robles has the most expensive gas prices, at $5.644 a gallon.
Gas price trends
|A week ago Wed.||3,901||4,331||4,639||4,977|
|About a month ago||4,255||4,708||5||5,319|
|Year ago Avg||3,148||3,502||3,776||3,276|
At the other end of the spectrum, about 11 US metro areas have gas prices below $3.20. Texas and Georgia have four cities with an average gas price below $3.20. This week McAllen-Edinburg-Mission of Texas is the cheapest metro area where a gallon of gas will cost you $3.091.
State gas prices August 29, 2022
|District of Columbia||4,058||4,656||5,016||5,292|
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