National gas price average jumps 11 cents in two weeks

(April 3, 2018) Gas prices are edging up across the country as the market continues to purge winter-blend gasoline to make room for summer storage. At $2.66, the national gas price average is 5-cents more expensive on the week and 11-cents more expensive than two weeks ago, according to AAA.

“Today, only 38 percent of U.S. gas stations are selling gasoline for $2.50 or less and that percentage will likely dwindle in coming weeks,” said Jeanette Casselano, AAA spokesperson.

“The holiday weekend, strong demand and preparation for summer gasoline are all factors that have driven and will continue to drive higher gas prices into early spring.”

In spite of price fluctuations, gasoline demand fell to 9.2 b/d according to the latest Energy Information Administration data – the lowest point for the month of March, but remains strong for this time of year.

Quick Stats

    The nation’s top 10 largest weekly increases are: Utah (+14 cents), Kentucky (+10 cents), Missouri (+9 cents), Florida (+9 cents), Arizona (+9 cents), Idaho (+8 cents), Georgia (+8 cents), Nevada (+8 cents), New Mexico (+7 cents) and Indiana (+7 cents).

    The nation’s top 10 most expensive markets are: Hawaii ($3.52), California ($3.51), Washington ($3.17), Alaska ($3.13), Oregon ($3.09), Nevada ($3.01), Pennsylvania ($2.86), Washington, DC ($2.83), Idaho ($2.80) and New York ($2.77).