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Across the country, 39 states saw prices increase on average by three cents – a major swing from last week when only nine states posted more expensive gas prices on the week. At $2.28, the national gas price is three cents more than a week ago, which is the largest seven-day increase since before Memorial Day.
 
“Demand has remained strong as gasoline stocks dip for a fifth consecutive week, driving up prices at the pump,” said Jeanette Casselano, AAA spokesperson. “For much of the summer, gas prices have been fairly cheap. Those days are in the rearview mirror.”
According to the Energy Information Administration (EIA), gasoline stocks took their largest dip – 4.4 million bbl – for the first time in five weeks, bringing levels down to 231 million bbl. That is a 10 million bbl deficit year-on-year and a factor in prices at the pump increasing.

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At $2.25, the national gas price average is just one cent cheaper than a week ago, five cents less than a month ago and four cents more than a year ago. Nationwide, last week did not see record demand, but was close to all-time high levels and continues to keep pace with summer 2016 levels.  According to the Energy Information Administration (EIA), gasoline stocks dropped 1.6 million bbl on the week. That figure brings national levels to 235.7 million bbl, which is approximately 4 million bbl below this time last year.

 “As we hit the middle of the summer season, consumers can still fill up for $2.25/gallon or less at 62% of gas stations in the country,” said Jeanette Casselano, AAA spokesperson. “If, however, demand keeps pace and stocks continue to draw down at sizable levels, gas prices are likely to increase this month into next. So now is a good time to take a road trip.”
On the week, only nine states saw gas prices increase: Missouri (+5 cents), Georgia (+4 cents), South Carolina (+2 cents), Tennessee (+2 cent), Louisiana (+1 cent), Maine (+1 cent), Washington, D.C. (+1 cent), Alabama (+1 cent) and Mississippi (+1 cent)