Gas prices have been on a fairly steady decline in recent weeks, excluding a flat Labor Day weekend. Now, the national average for a gallon of gas has resumed its pace of daily declines, according to AAA, and fallen by six cents to $3.30. Key contributors are low gas demand and the plunging cost of oil, which is struggling to stay above $70 a barrel. The national average cost for Level 2 (L2) commercial electricity remained the same for EV drivers.
“There are now ten states with gasoline averages below $3 a gallon, which means thousands of retail outlets east of the Rockies are selling gas at similarly low prices,” said Andrew Gross, AAA spokesperson. “With hurricane season remaining weak and disorganized, this trend of falling pump prices will likely continue.”
With an estimated 1.2 million AAA members living in households with one or more EVs, AAA tracks the kilowatt-per-hour cost for L2 commercial charging by state.
The national average as of Sept. 5 for a kilowatt of electricity at an L2 commercial charging station is 34 cents.
According to new data from the Energy Information Administration (EIA), gas demand fell last week from 9.30 million b/d to 8.93. Meanwhile, total domestic gasoline stocks rose slightly from 218.4 to 219.2 million barrels, and gasoline production increased last week, averaging 9.7 million daily. Falling gasoline demand and oil costs will likely keep pump prices sliding.
The national average on Sept. 5 for a gallon of gas was $3.30, 17 cents less than a month ago and 51 cents less than a year ago.
At the close of Wednesday’s formal trading session, WTI fell by $1.14 to settle at $69.20 a barrel. The EIA reports that crude oil inventories decreased by 6.9 million barrels from the previous week. At 418.3 million barrels, U.S. crude oil inventories are about 5% below the five-year average for this time of year.
Gasoline Standings
The nation’s top 10 most expensive gasoline markets are Hawaii ($4.66), California ($4.65), Washington ($4.16), Nevada ($3.99), Oregon ($3.76), Alaska ($3.72), Illinois ($3.61), Utah ($3.59), Idaho ($3.58) and Washington, D.C. ($3.55)
The nation’s top 10 least expensive gasoline markets are Mississippi ($2.83), Tennessee ($2.94), Oklahoma ($2.88), Alabama ($2.90), Texas ($2.90), Louisiana ($2.90), South Carolina ($2.93), Arkansas ($2.95), Missouri ($2.98) and Kentucky ($2.99).
Electricity Standings
The nation’s top 10 least expensive states for L2 commercial charging per kilowatt hour are Kansas (22 cents), Missouri (24 cents), Delaware (25 cents), Texas (28 cents), Nebraska (29 cents), Utah (29 cents), Wisconsin (29 cents,) Michigan (30 cents), Vermont (30 cents) and North Dakota (30 cents).
The nation’s top 10 most expensive states for L2 commercial charging per kilowatt hour are Hawaii (56 cents), West Virginia (45 cents), South Dakota (43 cents), Arkansas (42 cents), Idaho (42 cents), South Carolina (42 cents), Montana (41 cents), Kentucky (41 cents), New Hampshire (41 cents) and Alaska (40 cents).
