National gas price average more expensive by six cents

(May 13, 2020) The national gas price average is six cents more expensive on the week at $1.84, but still cheaper on the month and year — three cents and $1.02 less, respectively. Regardless of the national increase, 40 states still have averages of  $2 or less per gallon.

“Pump prices are fluctuating throughout the country as demand increases and gasoline stocks decrease,” said Jeanette Casselano, AAA spokesperson.

“The boost in demand continues to push pump prices up around the country, as more states re-open businesses. Motorists in the Great Lakes, Central, South and Southeast states are seeing the most volatility at the pump.”

The Energy Information Administration’s (EIA) latest data report showed demand for gasoline increased by 800,000 b/d to 6.7 million b/d last week, which is 3.2 million b/d less than last year at this time. Gas demand is expected to continue to grow, leading pump prices to continue their increase.

Quick stats

    •    The nation’s top 10 largest weekly increases are: Michigan (+31 cents), Ohio (+28 cents), Indiana (+26 cents), Illinois (+26 cents), Wisconsin (+23 cents), Kentucky (+15 cents), Iowa (+14 cents), Minnesota (+11 cents), Oklahoma (+10 cents) and Arkansas (+9 cents).
   
    •    The nation’s top 10 least expensive markets are: Oklahoma ($1.47), Arkansas ($1.48), Missouri ($1.48), Mississippi ($1.49), Kansas ($1.50), Texas ($1.51), Alabama ($1.55), South Carolina ($1.57), Tennessee ($1.60) and Louisiana ($1.60).