Gasoline Demand Sets New Record for March as Motorists Pay 25-cents more at Pump compared to last March

Consumer gasoline demand is at the highest level on record for March. According to the Energy Information Administration’s (EIA) latest report, demand measured at 9.6 million b/d – levels typical of summer months, not the first quarter of a year. U.S. exports continue to trend high, accounting for a large chunk of this week’s demand data.
“As demand strengthened, gasoline inventories declined, pushing the national gas price average two cents more expensive on the week to $2.55,” said Jeanette Casselano, AAA spokesperson. “As a result, the majority of motorists are seeing more expensive gas prices at the start of this work week.”
Today’s national gas price average of $2.55 is two cents more than a month ago and more than a quarter (26 cents) higher than this time last year.
Quick Stats
The largest monthly changes are: Michigan (+17 cents), Ohio (+16 cents), Illinois (+12 cents), New Jersey (-9 cents), Oregon (+9 cents), California (+9 cents), Pennsylvania (-8 cents), Utah (-8 cents) Nevada (+8 cents), and Iowa (-7 cents).
The nation’s top ten most expensive markets are: Hawaii ($3.50), California ($3.41), Alaska ($3.07), Washington ($3.05), Oregon ($2.96), Nevada ($2.86), Washington, D.C. ($2.76), Pennsylvania ($2.75), New York ($2.69) and Connecticut ($2.67).



