Year-over-year national gas price gap is shrinking

(February 14, 2020) Gas prices may be 16 cents more expensive than last year, but that price gap has been shrinking steadily. It’s the smallest year-over-year difference seen in two months.

“At $50 a barrel (West Texas Intermediate), crude oil prices are at their cheapest point in a year,” said Jeanette Casselano, AAA spokesperson. “That, plus steady gasoline stock levels and low demand have helped to push the national average lower – a dime cheaper than three weeks ago.”

Today’s national gas price average is $2.43. That is four cents cheaper than last week and 16 cents cheaper than last month. Motorists across the country can find gas for less than $2.25 at 1 in 3 (38%) of all gas stations.

    • The nation’s top 10 largest weekly decreases are: Michigan (-9 cents), Ohio (-7 cents), Kentucky (-7 cents), Maryland (-6 cents), South Carolina (-6 cents), Texas (-6 cents), Alabama (-6 cents), Louisiana (-5 cents), Mississippi (-5 cents) and Illinois (-5 cents).

    • The nation’s top 10 least expensive markets are: Missouri ($2.06), Texas ($2.07), Mississippi ($2.10), Louisiana ($2.11), South Carolina ($2.11), Oklahoma ($2.12), Alabama ($2.15), Kansas ($2.16), Arkansas ($2.16) and Delaware ($2.17).