Gas

• The nation’s top 10 most expensive gasoline markets are California ($5.57), Hawaii ($5.42), Washington ($5.07), Alaska ($4.72), Nevada ($4.69), Oregon ($4.60), Arizona ($4.30), Michigan ($4.26), Montana ($4.26), and Illinois ($4.25).
• The nation’s top 10 least expensive gasoline markets are Indiana ($3.53), Mississippi ($3.64), Louisiana ($3.67), Tennessee ($3.70), Texas ($3.70), Kentucky ($3.72), Kansas ($3.74), Alabama ($3.75), Oklahoma ($3.76), and Arkansas ($3.79).

Electricity

• The nation’s top 10 most expensive states for public charging per kilowatt hour are West Virginia (53 cents), Hawaii (51 cents), Alaska (48 cents), New Hampshire (47 cents), California (46 cents), Louisiana (46 cents), Illinois (45 cents), New Jersey (45 cents), Arkansas (45 cents), and Arizona (44 cents).
• The nation’s top 10 least expensive states for public charging per kilowatt hour are Kansas (30 cents), Missouri (32 cents), Iowa (33 cents), Maryland (34 cents), Utah (34 cents), South Dakota (35 cents), Nebraska (35 cents), Vermont (35 cents), New Mexico (37 cents), and Minnesota (37 cents).

Trump Wars, Strait of Hormuz and other Oil Market Undercurrents

At the close of Wednesday’s trading session, WTI rose $2.49 to settle at $86.83 a barrel. The EIA reports that crude oil inventories increased by 2 million barrels from the previous week. At 411.7 million barrels, U.S. crude oil inventories are about 6% below the five-year average for this time of year.