Gas prices remain relatively stable as November kicks off. The national average for a gallon of regular went up nearly 5 cents since last week to $3.08. Refinery maintenance in California is part of the reason for the increase: when refineries pause production, gas prices in the area temporarily go up. Still, the national average is lower than it was this time last year, and gas prices should remain on a quiet path as we get closer to Thanksgiving.
Today’s National Average: $3.084
One Week Ago: $3.038
One Month Ago: $3.133
One Year Ago: $3.107
- Maine’s average current price is $3.02 per gallon, which is two cents higher than one week ago, and four cents lower than a year ago.
- New Hampshire’s average current price is $2.94 per gallon, which is two cents higher than one week ago, and four cents lower than a year ago.
- Vermont’s average current price is $3.09 per gallon, which is the same price as one week ago, and four cents lower than a year ago.
According to new data from the Energy Information Administration (EIA), gasoline demand decreased from 8.92 million b/d last week to 8.87 million. Total domestic gasoline supply decreased from 210.7 million barrels to 206 million. Gasoline production increased last week, averaging 9.8 million barrels per day.
Oil Market Dynamics
At the close of Wednesday’s formal trading session, WTI fell 96 cents to settle at $59.60 a barrel. The EIA reports crude oil inventories increased by 5.2 million barrels from the previous week. At 421.2 million barrels, U.S. crude oil inventories are about 4% below the five-year average for this time of year.
EV Charging
The national average per kilowatt hour of electricity at a public EV charging station went down by 1 cent this past week to 37 cents.
State Stats
Gas
The nation’s top 10 most expensive gasoline markets are California ($4.69), Hawaii ($4.47), Washington ($4.25), Nevada ($3.98), Oregon ($3.85), Alaska ($3.80), Arizona ($3.36), Idaho ($3.33), Illinois ($3.30), and Pennsylvania ($3.24).
The nations top 10 least expensive gasoline markets are Mississippi ($2.60), Tennessee ($2.61), Oklahoma ($2.62), Louisiana ($2.62), Texas ($2.64), Arkansas ($2.67), Alabama ($2.68), Missouri ($2.71), Kentucky ($2.72), and South Carolina ($2.75).
Electric
The nation’s top 10 most expensive states for public charging per kilowatt hour are West Virginia (53 cents), Alaska (50 cents), Hawaii (48 cents), South Carolina (45 cents), Louisiana (43 cents), Tennessee (42 cents), Alabama (42 cents), New Jersey (41 cents), Montana (41 cents), and Oklahoma (41 cents).
The nation’s top 10 least expensive states for public charging per kilowatt hour are Kansas (25 cents), Nebraska (26 cents), Missouri (27 cents), Wyoming (27 cents), Maryland (30 cents), Utah (30 cents), Vermont (31 cents), Iowa (32 cents), Delaware (33 cents), and District of Columbia (33 cents).
Drivers can find current gas and electric charging prices along their route using the AAA TripTik Travel planner.