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Fuel Inches Closer to $2 Average

Gas was one penny more expensive than the previous week, though demand, overall, is still down by nearly 25%.

June 1, 2020
Fuel Inches Closer to $2 Average

 

Graphic: AAA

1 min to read


The national average price for gasoline rose to $1.97, as demand for gasoline saw a 7% week-over-week increase, said AAA.

Gas was one penny more expensive than the previous week, though demand, overall, is still down by nearly 25%, according to the Energy Information Administration’s (EIA) latest reports. Today’s national average is 20 cents more than a month ago, but 85 cents less than a year ago.

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“Americans are slowly but steadily returning to driving, causing gas prices to increase across the country,” said Jeanette Casselano, AAA spokesperson. “The good news is gas is still cheap. Motorists can fill-up for $2/gallon or less at 70% of gas stations across the country.”

The nation’s largest weekly increases includes Alaska (up 12 cents), Colorado (up 12 cents), Idaho (up 8 cents), Utah (up 7 cents), New Mexico (up 7 cents), South Dakota (up 6 cents), Montana (up 6 cents), Nevada (up 5 cents), Washington, D.C. (up 4 cents) and Wyoming (up 4 cents).

The nation’s least expensive markets include Mississippi ($1.58), Alabama ($1.64), Louisiana ($1.64), Arkansas ($1.64), Texas ($1.65), Missouri ($1.65), Oklahoma ($1.65), South Carolina ($1.67), Kansas ($1.68) and Tennessee ($1.71).

Originally posted on Automotive Fleet

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