
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)