According to the American Automobile Association (AAA), average gasoline prices in the US fell to $3.901 per gallon from $3.956 last week. The average price of gasoline has shown a steady decline in more than two months, offering some relief to drivers after gas prices topped $5 a gallon in June.
It’s been two weeks since the average gas price fell below $4 a gallon, hitting its lowest level since March of this year.
Gas prices are falling
In the national average, state gas prices ranged from $6,536 (Mono, California) to $3,131 (Cameron, Texas).
West Virginia, Florida, Maine and New Jersey saw gas prices drop more than ten cents in just one week. While Oklahoma, Wisconsin, Texas and Illinois showed a marginal reduction in gas prices since last week.
Lower gas prices
| status | regular | Middle grade | Premium | diesel |
|---|---|---|---|---|
| Arkansas | 3,406 | 3,764 | 4,095 | 4,635 |
| mississippi | 3,422 | 3,775 | 4.135 | 4,602 |
| Georgia | 3,427 | 3,823 | 4.191 | 4,675 |
| Texas | 3,436 | 3,797 | 4.127 | 4,502 |
| Tennessee | 3,443 | 3,817 | 4,175 | 4.68 |
As has been a continued trend, California continues to see the highest average gas price, currently at $5.325 a gallon. California counties like Inyo, Sierra, Lassen, Modoc, Humboldt, Trinity and Del Norte have gas prices above $5.60. Like California, Hawaii, Nevada, Alaska and Oregon have the highest gas prices above $4.60. These states are still seeing high gas prices, although prices are down two to four cents from last week.
Higher gas prices
| status | regular | Middle grade | Premium | diesel |
|---|---|---|---|---|
| California | 5,324 | 5,522 | 5,672 | 6,224 |
| Hawaii | 5,316 | 5,548 | 5,777 | 6,089 |
| snowfall | 4,915 | 5,159 | 5,362 | 5,146 |
| Alaska | 4,867 | 5,048 | 5,259 | 5,327 |
| Oregon | 4,829 | 5,021 | 5,225 | 5,657 |
While Texas, Arkansas, Tennessee and Oklahoma are the states enjoying cheap gas prices with an average gas price of $3.50 or less.
Could gas prices continue to fall?
The national average cost of a gallon of regular gasoline now stands at $3.90. While that’s still higher than $3.16 a year ago, it’s down from a high of nearly $5.06 in mid-June.
The continued drop in gas prices is a relief for motorists. Late May and early June saw record peaks in gas prices that led to projections of an endless increase in fuel prices. The drop comes as the federal government pumped extra gas into the market, global demand for the fuel slowed due to high prices and a strong U.S. dollar that made oil more expensive elsewhere.
Gas price trends
| regular | Middle grade | Premium | diesel | E85 | |
|---|---|---|---|---|---|
| current average | 3,901 | 4,331 | 4,639 | 4,977 | 3.19 |
| yesterday average | 3,904 | 4,342 | 4,649 | 4,982 | 3,194 |
| A week ago Wed. | 3,956 | 4,392 | 4,696 | 5,033 | 3,218 |
| About a month ago | 4,413 | 4,867 | 5.16 | 5,455 | 3,739 |
| Year ago Avg | 3,163 | 3,519 | 3,794 | 3,283 | 2,642 |
As things stand, gas prices are stabilizing and will likely continue to fall as long as there are no gas supply disruptions. Currently, the nation is seeing gasoline inventories grow to allow some cushioning from rising gas prices.
On the consumer side, the decline in gas gives households some much-needed breathing space, but many have yet to hit the road. “Falling pump prices may get more drivers back on the road. But that hasn’t happened yet. Instead, many drivers are waiting for prices to drop further before returning to their normal driving habits.” said Andrew Gross, AAA spokesman.
State gas prices August 22, 2022
| status | regular | Middle grade | Premium | diesel | |
|---|---|---|---|---|---|
| Alaska | 4,867 | 5,048 | 5,259 | 5,327 | |
| Alabama | 3,471 | 3,855 | 4,235 | 4,705 | |
| Arkansas | 3,406 | 3,764 | 4,095 | 4,635 | |
| Arizona | 4,041 | 4.33 | 4,604 | 4,942 | |
| California | 5,324 | 5,522 | 5,672 | 6,224 | |
| Colorado | 3,898 | 4,251 | 4,554 | 4.81 | |
| Connecticut | 4,019 | 4,556 | 4,921 | 5.137 | |
| District of Columbia | 4.104 | 4,626 | 5,051 | 5,176 | |
| Delaware | 3.8 | 4,314 | 4.58 | 4,793 | |
| Florida | 3,528 | 3,937 | 4,261 | 4,715 | |
| Georgia | 3,427 | 3,823 | 4.191 | 4,675 | |
| Hawaii | 5,316 | 5,548 | 5,777 | 6,089 | |
| Iowa | 3,545 | 3,815 | 4,263 | 4.68 | |
| Idaho | 4,647 | 4,881 | 5,097 | 5,163 | |
| Illinois | 4,254 | 4,742 | 5.123 | 5,099 | |
| Indiana | 3,906 | 4,319 | 4,662 | 5.192 | |
| Kansas | 3,481 | 3,755 | 4,055 | 4,589 | |
| Kentucky | 3.5 | 3,897 | 4,237 | 4,846 | |
| Louisiana | 3,457 | 3,828 | 4,177 | 4,605 | |
| Massachusetts | 4,169 | 4,696 | 4,989 | 5,225 | |
| Maryland | 3,886 | 4.401 | 4,672 | 4,871 | |
| Maine | 4,162 | 4,552 | 4,884 | 5.191 | |
| Michigan | 3,901 | 4,287 | 4,658 | 5,239 | |
| Minnesota | 3,829 | 4.19 | 4,538 | 4,942 | |
| Missouri | 3,467 | 3,803 | 4.101 | 4,586 | |
| mississippi | 3,422 | 3,775 | 4.135 | 4,602 | |
| montana | 4.201 | 4,504 | 4,771 | 4,802 | |
| North Carolina | 3,593 | 3,971 | 4,321 | 4,886 | |
| North Dakota | 3,887 | 4,216 | 4,611 | 4,786 | |
| Nebraska | 3,671 | 3,879 | 4,325 | 4,699 | |
| New Hampshire | 4,037 | 4,512 | 4,854 | 5,156 | |
| New Jersey | 4,064 | 4,616 | 4,875 | 5.011 | |
| New Mexico | 3,655 | 3,932 | 4,223 | 4,746 | |
| snowfall | 4,915 | 5,159 | 5,362 | 5,146 | |
| New York | 4,248 | 4,692 | 5,023 | 5.401 | |
| Ohio | 3.65 | 4,033 | 4,383 | 5,167 | |
| oklahoma | 3,513 | 3,847 | 4.101 | 4,552 | |
| Oregon | 4,829 | 5,021 | 5,225 | 5,657 | |
| pennsylvania | 4,219 | 4.6 | 4,865 | 5,334 | |
| Rhode Island | 4,086 | 4,672 | 4,958 | 5,159 | |
| South Carolina | 3,463 | 3.84 | 4.191 | 4,669 | |
| South Dakota | 3,863 | 4,045 | 4,545 | 4,786 | |
| Tennessee | 3,443 | 3,817 | 4,175 | 4.68 | |
| Texas | 3,436 | 3,797 | 4.127 | 4,502 | |
| Utah | 4,533 | 4,749 | 4,951 | 4,896 | |
| virginia | 3,692 | 4,128 | 4.45 | 4,897 | |
| Vermont | 4,217 | 4,713 | 5.128 | 5,008 | |
| Washington | 4,776 | 4,969 | 5,173 | 5,567 | |
| Wisconsin | 3,678 | 4,083 | 4,492 | 4,755 | |
| West Virginia | 3,881 | 4.15 | 4,421 | 5.112 | |
| Wyoming | 4.014 | 4.231 | 4,501 | 4,918 | |
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