Gas slips to $4.23 heading into Halloween, but $100 oil keeps a floor under prices
The national average fell about 5 cents in a week, AAA says. It is still about $1.19 higher than a year ago.
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The national average price for a gallon of regular gasoline fell to $4.23 on Thursday, down about 5 cents from a week earlier, according to AAA.
The auto club said crude oil prices above $100 a barrel are limiting how far pump prices can fall. U.S. benchmark crude rose $2.88 on Wednesday to settle at $102.78, AAA reported.
How prices compare
| Date | National average |
|---|---|
| Thursday | $4.23 |
| One week ago | $4.27 |
| One month ago | $4.46 |
| One year ago | $3.04 |
Supply and demand
Federal data cited by AAA showed gasoline demand fell to 8.38 million barrels a day from 8.98 million the week before. Total gasoline supply rose to 209.2 million barrels from 205.3 million, while domestic crude inventories dropped 1.9 million barrels to 410.6 million, about 4% below the five-year average.
Highest and lowest states
| Most expensive | Price | Least expensive | Price |
|---|---|---|---|
| California | $5.94 | North Carolina | $3.42 |
| Hawaii | $5.65 | Georgia | $3.61 |
| Nevada | $5.25 | Texas | $3.70 |
| Washington | $5.24 | South Carolina | $3.72 |
| Oregon | $4.83 | Louisiana | $3.74 |
Electric vehicles
The average cost at public EV chargers held at 41 cents per kilowatt-hour, AAA said. Hawaii was highest at 55 cents and Kansas lowest at 31 cents.
Sources
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