High pump prices show signs of tapering off

(May 9, 2018) At $2.81, the national gas price average is 45 cents more expensive than a year ago. With the unofficial kick-off to summer just weeks away, prices are expected to increase, but a tapering trend may be emerging, according to weekly report by AAA.

“If this past week’s moderate increases are any indicator of what’s to come, the fast rate at which gas prices were increasing may be slowing down,” said Jeanette Casselano, AAA spokesperson.

“On the week, the national average held steady and 19 state averages remained flat or saw decreases in gas prices. Despite this stability, drivers on the West Coast and in Idaho, Utah and Pennsylvania are paying $3/gallon.”

Quick Stats

    The nation’s top 10 most expensive markets are: California ($3.63), Hawaii ($3.63), Washington ($3.32), Alaska ($3.28), Nevada ($3.25), Oregon ($3.23), Idaho ($3.11), Utah ($3.09), Pennsylvania ($3.02) and Connecticut ($2.98).

    The nation’s top 10 states with the largest yearly increases are: Indiana (+66 cents), California (+66 cents), Utah (+63 cents), Arizona (+60 cents), Hawaii (+56 cents), Idaho (+55 cents), Nevada (+55 cents), Illinois (+52 cents), New Jersey (+51 cents) and Michigan (+51 cents).