(August 30, 2024) WASHINGTON, D.C. — Pump prices are still falling, but at a slower pace than recently, dipping just two cents to $3.36 since last week. A slight uptick in gas demand may reflect the last hurrah for summer travelers. A storm system forming in the Atlantic may pose a threat to falling gas prices as well.
“Since today, 8/29, is my birthday, my wish is that this potential tropical storm fizzles quickly,”  said Andrew Gross, AAA spokesperson. “And the arrival of September means cheaper winter-blend gasoline is almost here, which always helps take pressure off pump prices.”

According to new data from the Energy Information Administration (EIA), gas demand rose last week from 9.19 million barrels a day to 9.30. Meanwhile, total domestic gasoline stocks fell from 220.2 to 218.4 million barrels, and gasoline production decreased last week, averaging 9.6 million daily.  Unspectacular gasoline demand and falling oil costs may cause pump prices to slide further.  

Today’s national average for a gallon of gas is $3.36, 14 cents less than a month ago and 46 cents less than a year ago.



Quick stats

The nation’s top 10 most expensive gasoline markets are Hawaii ($4.65), California ($4.62), Washington ($4.16), Nevada ($3.96), Oregon ($3.79), Alaska ($3.73), Illinois ($3.70), Washington, D.C. ($3.60), Idaho ($3.59), and Utah ($3.59)

The nation’s top 10 least expensive gasoline markets are Mississippi ($2.88), Oklahoma ($2.94), Texas ($2.94), Tennessee ($2.95), Louisiana ($2.96), Alabama ($2.96), Arkansas ($3.00), South Carolina ($3.01), Missouri ($3.04), and Kansas ($3.05).