Drivers in 33 states see gas savings despite national average gas price increase.
As we head into the last week of 2017, the national average price of gas has hit $2.44—about 26 cents more per gallon than this time last year, but only two cents higher than last week.
AAA attributed the small increase to more drivers on the road due to holiday travel. Even with the increase in gas prices, drivers in 33 states are paying less compared to last week.
AAA noted that the cheapest gas in the country can be found in Alabama ($2.17), while Hawaii ($3.29) sells the most expensive gas.
“The majority of motorists have seen savings at the pump this month. The national gas price average is over five cents cheaper than the beginning of December,” said Jeanette Casselano, AAA spokesperson.
As we move into 2018, market observers will review this week’s EIA data to see if high gas demand reduces crude inventories or if high levels of domestic crude production will build inventories despite high gasoline demand.