Quick Look or Wince – Gas Prices
• Today’s National Average: $4.300
• One Week Ago: $4.031
• One Month Ago: $3.990
• One Year Ago: $3.183

Oil Market Hormuz Undercurrents and Minefields

At the close of Wednesday’s formal trading session, WTI rose $6.95 to settle at $106.88 a barrel. The Energy Information Administration (EIA) said crude oil inventories decreased by 6.2 million barrels from the previous week. At 459.5 million barrels, U.S. crude oil inventories are about 1% above the five-year average for this time of year.

EV Charging

The national average per kilowatt hour of electricity at a public EV charging station went up by one cent this past week to 41 cents.

State of the States

Gas

The nation’s top 10 most expensive gasoline markets are California ($6.01), Hawaii ($5.64), Washington ($5.57), Oregon ($5.15), Nevada ($5.12), Alaska ($4.92), Arizona ($4.67), Illinois ($4.66), Michigan ($4.58), and Ohio ($4.46).

The nation’s top 10 least expensive gasoline markets are Oklahoma ($3.70), Kansas ($3.75), Georgia ($3.75), Mississippi ($3.77), Arkansas ($3.79), Louisiana ($3.80), Missouri ($3.83), North Dakota ($3.84), Texas ($3.85), and Alabama ($3.86).