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Labor Day weekend travelers are facing the highest gas prices* ever for this time of year, according to AAA.** The latest data from the Energy Information Administration (EIA) show gasoline demand decreased last week from 9.04 million barrels per day to 8.92 million. Total domestic gasoline supply decreased from 206.8 million barrels to 205.7 million. Gasoline production stayed the same as last week, averaging 9.8 million barrels per day.
“The national average is $4.14, up 4 cents from last week. Continued volatility in the Strait of Hormuz has pushed crude oil prices in the $90 per barrel range. After a record-setting August, this Labor Day weekend is on track to also set a record at the pump. The national average has never been above $4 per gallon on Labor Day. The current Labor Day record is $3.82, set on 3 September 2012. Even though gasoline demand decreases this time of year, typically bringing down gas prices, this year is different due to the high cost of crude oil,” AAA said in a release.
At the close of Wednesday’s formal trading session, WTI rose 79 cents to settle at $91.01 a barrel. The EIA reports that crude oil inventories decreased by 4.5 million barrels from the previous week. At 424.5 million barrels, U.S. crude oil inventories are 1% above the five-year average for this time of year.
National Average Pump Prices
- Today: $4.1436
- One Week Ago: $4.0997
- One Month Ago: $4.0946
- One Year Ago: $3.1903
State of the States Under The Trump Misadministration
Gasoline
- The nation’s top 10 most expensive gasoline markets are California ($5.78), Washington ($5.47), Hawaii ($5.41), Oregon ($4.98), Alaska ($4.96), Nevada ($4.91), Idaho ($4.62), Arizona ($4.52), Utah ($4.42), and Montana ($4.38).
- The nation’s top 10 least expensive gasoline markets are Indiana ($3.44), Texas ($3.69), Oklahoma ($3.71), Mississippi ($3.71), Louisiana ($3.75), Arkansas ($3.77), South Carolina ($3.78), Kansas ($3.78), Alabama ($3.79), and Wisconsin ($3.80).
Electricity
- The nation’s top 10 most expensive states for public charging per kilowatt hour are West Virginia (52 cents), Hawaii (51 cents), Alaska (49 cents), Louisiana (47 cents), California (47 cents), New Hampshire (47 cents), Illinois (45 cents), New Jersey (45 cents), Arkansas (44 cents), and North Dakota (44 cents).
- The nation’s top 10 least expensive states for public charging per kilowatt hour are Kansas (31 cents), Missouri (33 cents), Iowa (33 cents), Nebraska (34 cents), Utah (34 cents), Maryland (34 cents), South Dakota (35 cents), Vermont (36 cents), Minnesota (37 cents), and Delaware (38 cents).
*AutoInformed on
- Trump-Conomics = Everybody Loses a U.S.-Canada Trade War
- AAA – August 20 Gasoline Prices Highest Ever!
- Federal Offense! Higher Prices, Transportation Costs, and Other Economic Blows From King Trump Tariffs
- AAA – Gasoline Prices Keep Rising!
**About AAA
Started in 1902 by automotive enthusiasts who wanted to chart a path for better roads in America and advocate for safe mobility, AAA has transformed into one of North America’s largest membership organizations. Today, AAA says “it delivers exceptional roadside assistance, helps travelers plan their dream vacations and adventures, offers exclusive member discounts and benefits, and provides trusted financial and insurance services – all to enhance the life journey of our 65+ million members across North America, including nearly 58 million in the United States. To learn more about all AAA offers or become a member, visit AAA.com. Drivers can find current gas and electric charging prices along their route using the AAA TripTik Travel planner.”
