Gas prices dropping slowly, but steadily, AAA reports

(May 9, 2017) Today’s national average price for regular unleaded gasoline is $2.35 per gallon, which is four cents less than one week and one month ago, and 14 cents more than the same date last year. Last week, 46 states saw prices drop — some by at least 9 cents — with prices remaining steady in other parts of the country.

The trending decline is due to an unseasonable glut of gasoline in the U.S. market, record high refinery production rates, moderate demand and a recent drop in crude oil prices. 

Quick Stats

    The nation’s top10 markets with the largest weekly decreases include: Ohio (-9 cents), Michigan (-9 cents), Indiana (-9 cents), Illinois (-7 cents), Delaware (-6 cents), Kentucky (-6 cents), Missouri (-6 cents), Florida (-5 cents), Kansas (-5 cents) and Maryland (-4 cents).

    The nation’s top 10 markets with the biggest changes in the last year include: Alaska (+44 cents), Hawaii (+42 cents), Washington (+40 cents), Oregon (+34 cents), New Jersey (+30 cents), New Mexico (+27 cents), Montana (+26 cents), North Dakota (+24 cents), Nevada (+21 cents) and Pennsylvania (+21 cents).