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Gas prices fall, electricity remains stable


Gas prices fall, electricity remains stable

According to AAA, it is still too early to say whether gas station prices have already adjusted to the fall season.

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Gas prices fall, electricity remains stable

Prices at the pump have fallen one cent since last week and are now at a national average of $3.44, AAA reported. Meanwhile, national and state averages for Tier 2 (L2) commercial electricity remained unchanged from the previous two weeks.

“Summer is coming to an end, and so far gas prices have barely changed,” said Andrew Gross, AAA spokesman. “But hurricane season still has a long way to go, so it’s too early to say pump prices have begun their usual fall slump.”

Because an estimated 1.2 million AAA members live in households with one or more electric vehicles, AAA lists the cost per kilowatt-hour for Level L2 commercial charging by state.

The nationwide average price for one kilowatt hour of electricity at a commercial level L2 charging station is currently 34 cents.

According to new data from the Energy Information Administration (EIA), gas demand rose slightly last week to 9.04 from 8.96 million barrels per day. At the same time, total domestic gasoline inventories fell to 222.2 million barrels from 225.1 million barrels. Gasoline production fell slightly last week, averaging 9.7 million barrels per day. Weak gasoline demand and stable oil prices could lead to further price declines at the pump.

The national average price for a gallon of gasoline today is $3.44 – eight cents less than a month ago and 42 cents less than a year ago.

At the end of the official trading session on Wednesday, the WTI price fell by $1.37 to settle at $76.98 per barrel. The EIA reports that crude oil inventories increased by 1.4 million barrels compared to the previous week. At 430.7 million barrels, US crude oil inventories are about 5% below the five-year average for this time of year.

gas

The top ten most expensive gasoline markets in the country are Hawaii ($4.67), California ($4.69), Washington ($4.22), Nevada ($3.95), Oregon ($3.86), Illinois ($3.84), Alaska ($3.76), Washington, DC ($3.67), Utah ($3.65), and Idaho ($3.60).

The top ten cheapest gasoline markets in the country are Mississippi ($2.96), Texas ($3.04), Louisiana ($3.05), Oklahoma ($3.06), Tennessee ($3.07), Alabama ($3.10), South Carolina ($3.11), Arkansas ($3.12), Kansas ($3.14) and Missouri ($3.16).

Electric

The ten states with the lowest cost per kilowatt hour for Level L2 commercial charging are Kansas (22 cents), Missouri (24 cents), Delaware (25 cents), Texas (28 cents), Nebraska (29 cents), Utah (29 cents), Wisconsin (29 cents), Vermont (29 cents), Michigan (29 cents) and North Dakota (30 cents).

The top 10 most expensive states in the country for Level L2 commercial charging per kilowatt hour are Hawaii (56 cents), West Virginia (45 cents), South Dakota (43 cents), Arkansas (42 cents), Idaho (42 cents), Kentucky (41 cents), Montana (41 cents), New Hampshire (41 cents), Tennessee (41 cents) and Alaska (40 cents).

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