(February 2, 2021) WASHINGTON, D.C. — The national gas price average has been cheaper year-over-year for 336 days — as much as $1.12/gallon less. However, AAA predicts that trend will end as early as this week. At $2.42, the national average is only a nickel cheaper than a year ago.

“For nearly a year, motorists have been saving 53 cents a gallon, on average, when filling up their gas tanks. That extra pocket change is quickly going to dwindle thanks to rising crude oil prices that have made for more expensive pump prices,” said Jeanette Casselano McGee, AAA spokesperson.

Ten states are already carrying more expensive gas prices compared to a year ago, including: Delaware (+23 cents), Maryland (+9 cents), Iowa (+6 cents) and Indiana (+6 cents). On the other side of the coin, nearly 12 states still have gas price averages that are as much as 38 cents a gallon less than this time last year.

While cheaper year-over-year, the national average increased by two cents on the week and is now 17 cents more expensive than last month. The national average continued to climb this past week despite a drop in gasoline demand and refinery utilization. According to the latest Energy Information Administration (EIA) measurements, demand declined from 8.11 million barrels a day to 7.83 million barrels a day and total refinery utilization decreased from 82.5 percent to 81.7 percent over last week. These decreases led to an increase in gasoline supply of 2.4 million barrels.

Typically, these factors (decrease in demand, increase in supply) drive a decrease at the pump, but sustained crude oil prices are pushing the increase. For three weeks, crude continues to price between $52–$53/bbl, steady price points not seen since mid-February 2020. Gas prices are expected to continue to increase as crude oil prices remain at these price points.

Quick stats

    •    The nation’s top 10 largest weekly increases: Michigan (+12 cents), Indiana (+10 cents), North Carolina (+8 cents), Idaho (+5 cents), Illinois (+5 cents), Oklahoma (+4 cents), California (+4 cents), Nevada (+4 cents), Tennessee (+4 cents) and Vermont (+3 cents).

    •    The nation’s top 10 most expensive markets: California ($3.41), Hawaii ($3.32), Washington ($2.83), Nevada ($2.77), Pennsylvania ($2.70), Oregon ($2.69), Washington, D.C. ($2.59), Alaska ($2.59), Illinois ($2.59) and New Jersey ($2.56).