Gas prices remain steady despite high demand

(September 5, 2018) At $2.83, the national gas price average is trending toward lower gas prices that motorists haven’t seen since early May. Today’s national gas price average is one-cent less on the week, four-cents cheaper than last month, but 19-cents more than a year ago, according to statistics compiled by AAA.

Motorists took advantage of these stable and lower prices by driving gasoline demand to its highest level ever on record at 9.899 barrels for the week ending Aug. 24, according to the Energy Information Administration. But that spike is not expected to continue.

“With summer in the rearview mirror, demand is expected to significantly drop off in the coming weeks which means motorists can expect to see gas prices steadily decline,” said Jeanette Casselano, AAA spokesperson. “AAA expects the national average to hit $2.70 or less this fall.”

Quick Stats

    The nation’s top 10 most expensive markets are: Hawaii($3.78), California ($3.62), Washington ($3.38), Alaska ($3.31), Oregon ($3.26), Idaho ($3.25), Nevada ($3.19), Utah ($3.18), Pennsylvania ($3.05), and Connecticut ($3.04).

    The nation’s top 10 largest monthly changes are: Indiana (-16 cents), Kentucky (-12 cents), Illinois (-11 cents), Delaware (-10 cents), Ohio (-10 cents), Idaho (+10 cents), Utah (+10 cents), Alaska (-9 cents), South Dakota (-8 cents) and Michigan (-8 cents).