Ohio, Delaware, Michigan and Indiana see the biggest price drop week-over-week, thanks to the autumn gas price decline, according to AAA.
Better late than never the seasonal autumn gas price decline has finally started to appear.
Monday, Oct. 22 rang in gas prices that were four cents less than the previous week, with a national gas price average of $2.85, according to AAA.
Today’s gas price of $2.85 is six cents less than this month’s peak price of $2.91, which was the most expensive average for a week in October since 2014. Prices remain the same as this time last month and 39-cents more than last week.
AAA reported that reduced refinery runs, due to peak maintenance season, have contributed to stable gasoline inventories amid lower demand.
“Motorists across the country are seeing gas prices more than a dime cheaper than last week, with 41 states having less expensive state averages on the week,” said Jeanette Casselano, AAA spokesperson. “Prices are falling despite market concerns about global supply and geopolitical tensions, but that could change later this month ahead of the U.S. announcement of imposed sanctions on Iran.”
Delaware ($2.56) and Ohio ($2.57) currently have the least expensive gas in the nation. Ohio (-12 cents), Delaware (-10 cents), Michigan (-10 cents) and Indiana (-10 cents), saw the biggest changes in gas price week-over-week.
Hawaii ($3.90) and California ($3.82) continue to post the highest pump prices in the country.