Only 12 states carry gas price average of more than $2 a gallon

(April 28, 2020) As gas prices continue to push cheaper across the country, only a dozen states carry an average of $2/gallon or more. Today’s national average is $1.77, which is four cents less than last week, 28 cents cheaper than last month and $1.11 less than a year ago, according to weekly statistics by AAA.Only 12 states carry gas price average of more than $2 a gallon.

Crude oil prices were extremely volatile last week, pushing negative for the first time ever, but they did make significant gains to end the week in the positive. The Energy Information Administration (EIA) reported demand at 5.3 million barrels a day, a slight increase, but still an extremely low rate compared to last April’s 9.45 million barrels a day average. Low demand pushed gasoline stocks to increase for yet another week, this time by 1 million barrels to put total U.S. stock levels at 263 million barrels.

“AAA forecasts that the national average will continue to decrease into next month, possibly dropping as low as $1.65,” said Jeanette Casselano, AAA spokesperson. “We haven’t seen gas prices that cheap since January 2009.”

Some states could see minimal fluctuation at the pump in coming weeks if demand jumps as businesses are given the green light to re-open. However, this will not have a large impact for the majority of the nation’s motorists.

Quick Stats

    •    The nation’s top 10 largest weekly decreases are: Alaska (-9 cents), Idaho (-8 cents), Arizona (-7 cents), Utah (-7 cents), Montana (-6 cents), Oregon (-6 cents), Michigan (-6 cents), Missouri (-6 cents), Washington (-5 cents) and South Dakota (-5 cents).
    •    The nation’s top 10 least expensive markets are: Wisconsin ($1.19), Oklahoma ($1.36), Ohio ($1.38), Michigan ($1.40), Arkansas ($1.42), Kentucky ($1.43), Indiana ($1.44), Missouri ($1.46), Iowa ($1.47) and Mississippi ($1.49).