Oil Market Dynamics

At the close of Wednesday’s formal trading session, WTI fell $1.30 to settle at $59.44 a barrel. The EIA reports crude oil inventories decreased by 3.4 million barrels from the previous week. At 424.2 million barrels, U.S. crude oil inventories are about 5% below 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 stayed the same this past week at 38 cents.

State of the States

Gas
• The nation’s top 10 most expensive gasoline markets are California ($4.63), Hawaii ($4.47), Washington ($4.18), Nevada ($3.84), Oregon ($3.81), Alaska ($3.75), Arizona ($3.37), Pennsylvania ($3.29), Idaho ($3.29), and Illinois ($3.29).
• The nation’s top 10 least expensive gasoline markets are Oklahoma ($2.57), Mississippi ($2.61), Louisiana ($2.65), Tennessee ($2.66), Arkansas ($2.67), Texas ($2.70), Kansas ($2.71), Missouri ($2.73), Alabama ($2.73), and Kentucky ($2.74).

Electric
• The nation’s top 10 most expensive states for public charging per kilowatt hour are West Virginia (53 cents), Alaska (49 cents), Hawaii (48 cents), Wyoming (45 cents), Louisiana (44 cents), New Hampshire (44 cents), South Carolina (44 cents), Alabama (42 cents), Tennessee (42 cents), and New Jersey (42 cents).
• The nation’s top 10 least expensive states for public charging per kilowatt hour are Kansas (25 cents), Missouri (28 cents), Nebraska (29 cents), Maryland (31 cents), Utah (31 cents), Vermont (31 cents), Delaware (31 cents), Iowa (32 cents), Washington, DC (33 cents), and Colorado (33 cents).

*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.