According to AAA, heading into the final week of the year, the national average price for a gallon of gasoline is $2.44, an increase of two cents on the week.
As more drivers hit the road for the holidays, the increase in driving demand is likely the cause for increases in some states. Despite the incremental jump, motorists in 33 states are paying less on the week – as much as nine cents.
Today’s average is about 26 cents per gallon higher than a year ago. The cheapest gas can be found in Alabama ($2.17), while Hawaii ($3.29) sells the most expensive.
Drivers in the West Coast region are paying some of the highest prices at the pump after the holiday weekend. The six states in the region that are most expensive are: Hawaii ($3.29), Alaska ($3.10), California ($3.08), Washington ($2.92), Oregon ($2.78) and Nevada ($2.65). As prices continue to drop on the week, Alaska saw the largest decline (-9), while Washington, Oregon and Nevada each dropped a penny and Hawaii and California saw no change.
According to the Energy Information Administration’s (EIA) latest report for the region, gasoline inventories hit a new milestone: a 10-month high at 31 million bbl. The figure is 2.6 million bbl above the inventory level at this time last year.
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1 comment
Of course gas prices will increase during the holiday season! A great time to screw people out of more money!
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