The average retail price for a gallon of gas has reached $3.677 falling by just a little over three cents in the past week, according to the American Automobile Association (AAA). Across the nation, gas prices fluctuated from as high as $5.447 to a low of $ 3.103. Over the past weeks, gas prices have seen prices go down from 13 cents to 1 cent across the nation.

Despite the Decline, Gas Prices Still Not Near last Year’s Price

The average gas price is currently 30 cents less than a month ago, but still, 50 cents shy of the $3.193 price tag a year ago. Since last week, nine states have seen the largest decreases in their gas prices: Indiana (-13 cents), Connecticut (-13), Rhode Island (-12 cents), Massachusetts (-11 cents), Ohio (-11 cents), New York (-10 cents) New Hampshire (-10 cents), West Virginia (-10) and New Jersey (-10 cents). States like Colorado, New Mexico, and North Dakota all saw modest declines in gas prices with prices at the pump going done by less than 1 cent.

Highest Gas Prices

State Regular Mid-Grade Premium Diesel  
California 5.447 5.642 5.793 6.291
Hawaii 5.267 5.487 5.714 6.074
Nevada 4.918 5.15 5.353 5.209
Oregon 4.648 4.863 5.055 5.489
Alaska 4.641 4.814 4.985 5.159

However, not all states are seeing their gas prices decline. California continues to experience the highest gas prices in the nation with the average gallon of gas price going for $5.444 a gallon at the pump, after prices going up by 5 cents from last week. Some counties in California continue to see steep gas prices for example Mono ($6.474), Humboldt ($5.986), Del Norte (5.925), and Trinity (5.83) continue to see high gas prices- in some cases over 6o% higher than the national average. California along with Hawaii, and Nevada have gas prices reaching over the $4.90 threshold.

The states with the least expensive gas prices across the nation include Texas, Mississippi, Arkansas, Louisiana, and Georgia Tennessee all saw a regular gallon of gas going for under less than the national average of $3.677.

Lowest Gas Prices

State Regular Mid-Grade Premium Diesel  
Mississippi 3.103 3.478 3.827 4.57
Louisiana 3.138 3.493 3.853 4.569
Texas 3.172 3.541 3.871 4.532
Georgia 3.173 3.568 3.932 4.634
Arkansas 3.19 3.554 3.884 4.667

Gas Pricing Factors

Consumers are seeing much-needed relief watching gas prices fall during the last three months, from a peak of $5.02 per gallon in June.

A major factor that had pushed gasoline prices to reach record highs was a surge in oil prices in the aftermath of Russia’s invasion of Ukraine prompting fear that the war would disrupt supplies.

Gas Trends

  Regular Mid-Grade Premium Diesel E85
Current Avg. 3.677 4.118 4.425 4.95 3.012
Yesterday Avg. 3.678 4.124 4.434 4.96 3.014
Week Ago Avg. 3.716 4.159 4.468 5.011 3.037
Month Ago Avg. 3.918 4.357 4.656 4.99 3.208
Year Ago Avg. 3.193 3.544 3.82 3.304 2.682

Prior to the conflict, the US saw a drop in refining capacity caused by the decline in demand due to COVID where oil and gasoline prices fell and energy firms closed some underperforming refineries.

 

State Gas Prices September, 19 2022

State Regular Mid-Grade Premium Diesel  
Alabama 3.244 3.619 4.002 4.706
Alaska 4.641 4.814 4.985 5.159
Arizona 3.975 4.245 4.521 4.941
Arkansas 3.19 3.554 3.884 4.667
California 5.447 5.642 5.793 6.291
Colorado 3.668 4.008 4.294 4.714
Connecticut 3.456 4.021 4.409 5.066
Delaware 3.333 3.83 4.097 4.629
District of Columbia 3.833 4.461 4.782 5.054
Florida 3.409 3.804 4.119 4.737
Georgia 3.173 3.568 3.932 4.634
Hawaii 5.267 5.487 5.714 6.074
Idaho 4.409 4.634 4.859 5.035
Illinois 3.916 4.392 4.79 5.151
Indiana 3.668 4.109 4.477 5.267
Iowa 3.459 3.727 4.197 4.806
Kansas 3.403 3.681 3.989 4.726
Kentucky 3.276 3.668 4.021 4.834
Louisiana 3.138 3.493 3.853 4.569
Maine 3.672 4.089 4.42 5.046
Maryland 3.454 3.991 4.258 4.729
Massachusetts 3.684 4.247 4.544 5.008
Michigan 3.802 4.209 4.621 5.346
Minnesota 3.631 3.958 4.324 4.953
Mississippi 3.103 3.478 3.827 4.57
Missouri 3.325 3.636 3.935 4.728
Montana 3.927 4.196 4.487 4.893
Nebraska 3.501 3.708 4.159 4.81
Nevada 4.918 5.15 5.353 5.209
New Hampshire 3.601 4.115 4.461 4.914
New Jersey 3.599 4.181 4.439 4.884
New Mexico 3.566 3.892 4.18 4.778
New York 3.78 4.257 4.596 5.128
North Carolina 3.359 3.731 4.087 4.709
North Dakota 3.643 3.97 4.366 4.813
Ohio 3.412 3.812 4.186 5.083
Oklahoma 3.351 3.689 3.91 4.618
Oregon 4.648 4.863 5.055 5.489
Pennsylvania 3.853 4.233 4.494 5.067
Rhode Island 3.568 4.179 4.454 4.907
South Carolina 3.259 3.631 3.986 4.718
South Dakota 3.651 3.822 4.287 4.787
Tennessee 3.224 3.591 3.962 4.661
Texas 3.172 3.541 3.871 4.532
Utah 4.246 4.466 4.663 4.844
Vermont 3.823 4.389 4.778 4.976
Virginia 3.405 3.833 4.152 4.717
Washington 4.63 4.85 5.044 5.492
West Virginia 3.544 3.81 4.072 4.76
Wisconsin 3.41 3.822 4.242 4.846
Wyoming 3.805 3.992 4.282 4.87

Image: Envato Elements

This article, “Gas Prices Now 50 Cents Shy of Last Year’s Price” was first published on Small Business Trends

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