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Gas Prices Remain Stable Despite Slight Increase in Demand

Gas Prices Around The Country

It has been evident that consumers are enjoying stable gas prices for consecutive weeks now,. Even though there’s a slight increase in demand for gas, the price was not affected.

According to the AAA Fuel Gauge Survey, the national average price of regular gas is $2.19 a gallon. This price is the same as last Friday and in fact, four cents less than the gas price a month ago.

Meanwhile, the average price of premium gas is $2.80 a gallon, which is also similar to the last week’s price. Also, the average price of diesel fuel is $2.39 a gallon, a penny less than last week. 

Reports have shown that this stability in gas prices is because the supply and demand have balanced one another out. Patrick DeHaan, head of petroleum analysis at GasBuddy, confirmed that the demand increased at mid-week. This means that consumers are starting to drive more than in recent weeks.

Furthermore, the U.S. Energy Information Administration (EIA) said that the demand for fuel increased slightly from the previous week. However, it remains more than 800,000 barrels a day less compared to the same week in 2019.

“Low demand, even as gasoline stocks decline, has helped pump prices decline or hold steady on the week,” stated Jeanette Casselano, AAA spokesperson. “That is likely to continue into the fall as the season sees fewer road trips, especially amid the pandemic.” 

Which States Have The Most Expensive Gas?

Currently, the following states have the highest prices for regular gas, says the AAA Fuel Gauge Survey:

  • Hawaii ($3.23)
  • California ($3.21)
  • Washington ($2.80)
  • Nevada ($2.64)
  • Oregon ($2.62)
  • Alaska ($2.51)
  • Pennsylvania ($2.49)
  • Utah ($2.41)
  • Idaho ($2.41)
  • Illinois ($2.31)

Which States Have The Cheapest Gas?

The survey also discovered that these states have the lowest prices for regular gas:

  • Mississippi ($1.84)
  • Texas ($1.86)
  • Arkansas ($1.88)
  • Louisiana ($1.89)
  • Missouri ($1.88)
  • Alabama ($1.90)
  • Oklahoma ($1.89)
  • South Carolina ($1.92)
  • Tennessee ($1.94)
  • Kansas ($1.96)

Editor’s note on the news about Gas Prices Remaining Stable Despite Slight Increase in Demand:

This piece is to inform you about the new Gas Prices Remain Stable Despite a Slight Increase in Demand.

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