Gas demand looking more seasonal, national average goes up a penny

(November 12, 2019) The latest Energy Information Administration gasoline demand reading reflected the most fall-like numbers (9.1 million barrels a day) since the end of September. Despite lower demand, stocks drew by a significant 2.8 million barrels in part due to high exports. On the week, the national average increased one cent to $2.61.

“While most states are seeing more expensive gas prices on the week, the good news is that the majority of increases were nominal at a few pennies. In fact, only five states saw jumps of a nickel or more,” said Jeanette Casselano, AAA spokesperson.

“Motorists are likely to see continued fluctuation at the pump, but not major increases in the week ahead.”

Compared to a month ago, state averages are about a 50/50 split in being either more or less expensive. The vast majority of motorists are seeing savings at the pump compared to November 2018, by as much as a quarter. Only six states are carrying averages more expensive than a year ago: California (+34 cents), Delaware (+12 cents), Nevada (+11 cents), Ohio (+8 cents), Arizona (+5 cents) and Oregon (+3 cents).

Quick Stats

    The nation’s top 10 largest monthly changes are: Idaho (+22 cents), Ohio (-19 cents), Alaska (+17 cents), Delaware (+15 cents), Utah (+15 cents), California (-14 cents), Illinois (-13 cents), Wisconsin (-11 cents), Michigan (-10 cents) and Washington (+9 cents).

    The nation’s top 10 least expensive markets are: Louisiana ($2.22), Mississippi ($2.22), Texas ($2.27), South Carolina ($2.28), Missouri ($2.28), Alabama ($2.28), Arkansas ($2.30), Oklahoma ($2.31), Virginia ($2.32) and Tennessee ($2.35).