(September 13, 2024) WASHINGTON, D.C. — The national average for a gallon of gas kept up its torrid pace of decline, sinking six cents since last week to $3.24. The primary culprits behind the dip are low demand and falling oil costs.

“There are an ever-increasing number of states east of the Rockies that have some retail gas locations selling regular for under $3 a gallon, so drivers will have more in their wallets with autumn approaching,” said Andrew Gross, AAA spokesperson. “Should the national average fall below $3, it will be the first time since May 2021.”

According to new data from the Energy Information Administration (EIA), gas demand fell last week from 8.93 million b/d to 8.47. Meanwhile, total domestic gasoline stocks rose 219.2 to 221.6 million barrels, and gasoline production decreased last week, averaging 9.4 million barrels per day. Tumbling gasoline demand and oil costs will likely keep pump prices sliding.  

Today’s national average for a gallon of gas is $3.24, 20 cents less than a month ago and 59 cents less than a year ago.



Quick stats

Since last Thursday, these 10 states have seen the largest changes in their averages: Ohio (-17 cents), Indiana (-14 cents), Delaware (-14 cents), South Carolina (-13 cents), Kentucky (-12 cents), Illinois (-12 cents), Maryland (-11 cents),61), Texas (-11 cents), Wisconsin (-11 cents), and North Carolina (-10 cents).

The nation’s top 10 least expensive gasoline markets are Mississippi ($2.76), Tennessee ($2.78), Texas ($2.79), South Carolina ($2.80), Alabama ($2.82), Oklahoma ($2.83), Louisiana ($2.86), Kentucky ($2.87), Arkansas ($2.88), and Missouri ($2.93).