August’s national gas price average remains flat

(August 14, 2018) The national gas price average has held relatively flat for the last two weeks. Today’s national average is $2.86. The Energy Information Administration’s (EIA) latest reports detail a drop in consumer gasoline demand and a build in gasoline inventories. In fact, this was the first increase in inventories in six-weeks with a substantial addition of 3 million barrels, AAA reported.

“With a flat national average, U.S. gasoline supply and demand suggest they are balancing,” said Jeanette Casselano, AAA spokesperson. “But that’s not to say that we could not see spikes in demand closer to Labor Day as motorists squeeze in those final road trips.”

On the week, states are seeing pump price jumps as high as eight cents and drops as much as a dime. Today’s gas price average is one-cent less than last week, three-cents less than one month ago and 51-cents more than this time last year.



Quick Stats

    The nation’s top 10 most expensive markets are: Hawaii($3.76), California ($3.61), Washington ($3.39), Alaska ($3.36), Oregon ($3.27), Idaho ($3.22), Nevada ($3.19), Utah ($3.12), Connecticut ($3.06) and Pennsylvania ($3.06).

    The nation’s top 10 largest weekly changes are: Ohio (-10 cents), Indiana (-8 cents), Michigan (+7 cents), Idaho (+7 cents), Florida (+6 cents), Utah (+4 cents), New Mexico (+4 cents), Missouri (-3 cents), Delaware (-3 cents) and South Carolina (-3 cents).