Gas prices fall in 30 states following week of all-time high gas demand

(June 6, 2017) Nationally, the price of a gallon of gasoline increased one cent to $2.38 from last week; however, the price at the pump in 30 states has fallen as much as four cents. The moderate decline in gasoline prices is typical following a long holiday weekend, according to AAA statistics. Historically, the first three weeks of June generally can indicate whether consumers will sustain gasoline demand into summer months.

Today’s national average is two cents more than both a month and year ago.

Quick Stats

    • American drivers used a record 413 million gallons/day of gas during the week ending on May 26.

    • The nation’s top 10 markets with the biggest changes in the last week include Indiana (+7 cents), Michigan (+7 cents), Florida (+6 cents), Ohio (+6 cents), Utah (+4 cents), Illinois (-4 cents), Delaware (-3 cents), Missouri (-3 cents), Oklahoma (-3 cents) and Maryland (-3 cents).

    • The nation’s top ten markets with the cheapest gas this week include South Carolina ($2.03), Alabama ($2.09), Oklahoma ($2.09), Mississippi ($2.09), Tennessee ($2.11), Arkansas ($2.12), Missouri ($2.12), Virginia ($2.15), Louisiana ($2.16) and Kansas ($2.19).