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Gas Prices Dip Lower as Supply Builds Consider The Consumer

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Gas Prices Dip Lower as Supply Builds

Output Exceeds Demand

Gas prices slightly fell this week as growing fuel supplies exceed the demand.

According to the AAA Fuel Gauge Survey, the national average price of regular gas is $2.17 a gallon, which is a penny less than last week’s average gas price and two cents less than that of two weeks ago.

Premium gas average gas price is $2.79 a gallon, and $2.38 a gallon for diesel fuel, which is the same as last week.

Hurricane Delta and the temporary downtime of Colonial Pipeline Line 1 due to power loss barely made any difference with the gas prices. In fact, not only did it not rice, the gas price actually went down.

Typically, hurricane season would have caused gas prices to spike. Low U.S. gasoline demand may have helped contain gas price impact locally and regionally.

Most expensive gas

According to the AAA Fuel Gauge Survey, the following states currently have the highest prices for regular gas:

  • Hawaii ($3.26)
  • California ($3.20)
  • Washington ($2.78)
  • Nevada ($2.63)
  • Oregon ($2.59)
  • Alaska ($2.49)
  • Pennsylvania ($2.48)
  • Utah ($2.40)
  • Idaho ($2.36)
  • Illinois ($2.26)

Cheapest regular gas

The following states currently have the lowest prices for regular gas:

  • Mississippi ($1.85)
  • Texas ($1.86)
  • Missouri ($1.86)
  • Arkansas ($1.88)
  • Oklahoma ($1.88)
  • Alabama ($1.90)
  • Louisiana ($1.91)
  • South Carolina ($1.92)
  • Tennessee ($1.94)
  • Kansas ($1.95)

Editor’s note on the news about the gas price dip as supply increases:

This article is created to inform you of the news about the gas price dip as supply increases. If you have questions regarding the news and its updates, please send us a message!

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