“Home gasoline demand is fairly pokey for the time being, which is commonly the case within the runup to Memorial Day and the standard begin of summer season driving season,” mentioned Andrew Gross, AAA spokesperson.
“The latest nationwide common value of $3.67 might be the height till hurricane season is effectively underway. However as at all times, the wildcard will probably be the price of oil, so keep tuned,” Gross said.
Based on new knowledge from the Power Info Administration (EIA), gasoline demand fell from 8.66 to eight.42 million b/d final week. In the meantime, complete home gasoline shares decreased by .6 million bbl to 226.7 million bbl. Decrease demand and a drop in oil costs might push pump costs decrease.
Right now’s nationwide common is $3.65, 12 cents greater than a month in the past and the identical as a yr in the past.
Fast Stats
The nation’s high 10 least costly markets: Mississippi ($3.09), Colorado ($3.13), Louisiana ($3.15), Oklahoma ($3.16), Arkansas ($3.21), New Mexico ($3.23), Kansas ($3.23), Alabama ($3.25), Texas ($3.25), and Tennessee ($3.27).
The nation’s high 10 most costly markets: California ($5.40), Hawaii ($4.80), Washington ($4.65), Nevada ($4.59), Oregon ($4.43), Alaska ($4.37), Arizona ($4.09), Utah ($3.97), Idaho ($3.93), and Illinois ($3.91).
Oil Market Dynamics
On the shut of Wednesday’s formal buying and selling session, WTI decreased by 55 cents to settle at $82.81. Oil costs dipped regardless of the EIA reporting crude oil inventories fell by 6.4 million barrels from the earlier week. At 454 million barrels, U.S. crude oil inventories are 4% beneath the five-year common for this time of yr.
Drivers can discover present gasoline costs alongside their route utilizing the AAA TripTik Journey planner.
About AAA – The Auto Membership Group
The Auto Membership Group (ACG) is the second-largest AAA membership in North America. ACG and its associates present membership, insurance coverage, banking, monetary providers, and journey choices to over 13.5 million members throughout 13 U.S. states, the province of Quebec and two U.S. territories, together with Florida, Georgia, Iowa, Michigan, Nebraska, North Carolina, North Dakota, Tennessee, Wisconsin, Puerto Rico, South Carolina and the U.S. Virgin Islands; most of Illinois and Minnesota; and a portion of Indiana.
ACG belongs to the nationwide AAA federation with greater than 60 million members in america and Canada whose mission contains defending and advancing freedom of mobility and bettering site visitors security. Motorists can map a route, establish gasoline costs, discover reductions, guide a lodge, and entry AAA roadside help with the AAA Cellular app for iPhone, iPad and Android. Be taught extra at AAA.com/cellular.
Go to AAA on the Web at AAA.com.
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