(January 20, 2021) WASHINGTON, D.C.  —  Since the beginning of the year, the national gas price average has increased 13 cents. Today’s average is $2.38. That's a nickel more than last week. However, still cheaper year-over-year by 17 cents. The last time the nation saw a substantial January pump price increase was in 2009. That year, the national gas price average jumped 23 cents inside of the first three weeks of the year. At that time U.S. gasoline demand and supply were lower and crude oil prices had been increasing, similar to today.

Gas prices have been rising this year as crude oil prices continue to increase — last week pricing as high as $53 a barrel. The latest Energy Information Administration (EIA) reports show gasoline demand remains low at 7.5 million barrels a day, which contributed to a 4.4 million barrel increase to gasoline supply, for a total of 245 million barrels.

“The higher price of crude is outweighing sustained low gasoline demand and a build in gasoline supply,” said Jeanette Casselano McGee, AAA spokesperson. “Motorists can expect gas prices to continue to climb through at least the end of the month.”

On the week, every state saw an increase at the pump, with 14 state averages jumping at least seven cents. While all states are paying less year-over-year, the coming weeks could put an end to that 10-month trend.

Quick stats

    •     The nation’s top 10 largest year-over-year decreases: Arizona (-43 cents), Alaska (-40 cents), Utah (-37 cents), Wyoming (-35 cents), Idaho (-34 cents), Hawaii (-34 cents), Oregon (-32 cents), Washington (-32 cents), Vermont (-28 cents) and Colorado (-28 cents).  

    •    The nation’s top 10 least expensive markets: Mississippi ($2.08), Missouri ($2.10), Louisiana ($2.10), Oklahoma ($2.10), Texas ($2.12), Arkansas ($2.15), South Carolina ($2.16), Alabama ($2.17), Kansas ($2.18) and Tennessee ($2.18).