Gas price averages inching up amid rising demand

(January 29, 2019) Many motorists filling up across the country are noticing gas prices that are increasing slightly. While nearly 25 states’ averages increased on the week, the national average is only a penny more than a week ago at $2.26. The fluctuating national and state gas price averages come alongside an increase in gasoline demand and reflect the higher crude oil prices as of late, but it’s likely not to be a long-term trend, according to AAA.

“With gasoline stocks sitting at their highest level on record – 259.1 million bbl coupled with colder-than-normal weather forecasted for much of the Midwest and East Coast, motorists are likely to see demand drop and gas prices decrease or hold steady this week,” said Jeanette Casselano, AAA spokesperson.

Today’s national gas price average is three cents cheaper than a month ago and 33 cents less expensive than a year ago.

Quick Stats

    The nation’s top 10 largest weekly changes are: Ohio (+10 cents), Michigan (+9 cents), Indiana (+8 cents), Georgia (+7 cents), Texas (+5 cents), North Carolina (+5 cents), Alabama (+5 cents), Alaska (-5 cents), Utah (-5 cents) and Tennessee (+4 cents).

    The nation’s top 10 least expensive markets are: Missouri ($1.91), Oklahoma ($1.93), Arkansas ($1.94), Kansas ($1.97), Mississippi ($1.97), Louisiana ($1.99), Texas ($1.99), Alabama ($1.99), South Carolina ($2.01) and Tennessee ($2.05).