Slight increase in gas prices seen as seasonal decline stalls out

(October 5, 2016) Pump prices have climbed higher as compared to the previous week, even though many states have switched over to winter blend gasoline and there remain abundant crude oil supplies. The national average price for regular unleaded gasoline moved higher each of the past seven days reaching today’s average of $2.22 per gallon, according to AAA's weekly report.

Today’s average price is two cents more than one week ago and 1 cent more than one month ago. Despite the slight rise in pump prices, drivers continue to experience year-over-year savings with today’s average price about 7 cents per gallon less than the same date last year.

The national average has been relatively flat since Sept. 3, and drivers in 21 states are paying less at the pump week-over-week. While national prices have been steady, pump prices in some regions have moved dramatically over this same period, largely due to disruptions on the Colonial Pipeline and refinery maintenance. As recently as last week, gas prices jumped in the Midwest as a result of scheduled and unscheduled maintenance at BP’s Whiting refinery impacting supply in the region.



Drivers may continue to see pump prices wobble higher or lower in the next few weeks as the market reacts to the OPEC production agreement, continued refinery maintenance and a possible hurricane along the East Coast.

Quick stats

    • Average gas prices are below $2 per gallon in three states today including: New Jersey ($1.98), Texas ($1.98) and Missouri ($1.99).

    • The biggest weekly price increases are reflected in Ohio (+14), Kentucky (+10), Indiana (+9), Louisiana (+5), Michigan (+5), Texas (+4), Illinois (+4), Iowa (+4), Arkansas (+4) Mississippi (+3).