Pump prices continue slow decline dropping 7 cents in 20 days

(October 24, 2017) The average price at the gas pump has fallen for 15 of the last 20 days, for a total savings of seven cents per gallon. The national average currently sits at $2.46 per gallon, which is one cent less than one week ago, 12 cents less than one month ago and 24 cents more year-over-year, according to AAA's weekly report.

The national average is down 17 cents per gallon versus the 2017 peak price reached in September.

“Despite recent declines, the residual impact of last month’s hurricanes linger,” said Jeanette Casselano, AAA director of public relations. “Drivers continue to pay in excess of 20 cents more for a gallon of gasoline than they did in 2016, which may prove challenging for those looking to put away some extra cash for the holidays.”

Quick Stats

Largest monthly decreases: Georgia $2.39 (-29 cents), South Carolina $2.21( -27 cents), Florida $2.42 (-26 cents), Alabama $2.22 (-25 cents), Tennessee $2.27 (-25 cents), North Carolina $2.33 (-24 cents), Texas ($2.24 (-23 cents), New Jersey $2.44 (-22 cents), Mississippi $2.21 (-21 cents) and Virginia $2.25 (-20 cents).

The nation’s top 10 most expensive markets are:  Hawaii ($3.11), California ($3.03), Alaska ($3.02), Washington ($2.92), Oregon ($2.75), Nevada ($2.73), Connecticut ($2.71), Idaho ($2.70), Washington, DC ($2.67) and Pennsylvania ($2.65).